San Francisco. As Elon Musk, the world’s richest businessman and the current owner of Twitter, said in his opening statements about Twitter that he wants to make it fair and free from any pressure. After acquiring Twitter, he has now started its process. They have started efforts to reduce the cost of Twitter. The layoffs of employees in Twitter have started from today. Musk wants to save about $ 82 billion by reducing the cost of the company’s infrastructure. Let us tell you that according to sources related to Twitter’s office, Musk has asked the new managers of Twitter Inc. to increase the cost of infrastructure. Take steps to reduce He has said that he wants to reduce Twitter spending by $1 billion a year.
Musk has named this plan to cut spending ‘Deep Cuts Plan’. These cuts in Twitter are not good news for many employees before the new year. Elon Musk wants to cut Twitter spending. He has been talking about reducing the pressure on Twitter by doing this time and again.
Elon Musk begins mass layoffs on Twitter
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An internal Twitter message said the company aims to save between $1.5 million and $3 million a day from server and cloud services, according to sources familiar with the spending cut plan. According to internal documents, Twitter is currently incurring a loss of 3 million dollars a day. However, there has not been an official statement regarding this plan.
On the other hand, according to reports quoting Twitter sources, a sharp cut in infrastructure costs could put Twitter’s website and app at risk during important political and other events. When a large number of users go to use its services, then it can be down. A source said that the social media site is also looking at developing the capability to handle high traffic while cutting down on additional server space.