Elon Musk started laying off Employees at Twitter

Employees at Twitter received notice through email on November 3 that layoffs will start on November 4

CEO Parag Aggarwal was fired as soon as the Twitter deal was complete 

According to Musk reducing the global workforce of Twitter will bring it to a healthy path

Musk also fired CFO Ned Segal, general counsel Sean Edgett, and legal policy head Vijaya Gadde 

The eccentric billionaire is striving to turn around Twitter's fortunes in order to pay off its $13 billion debt

Twitter's revenue dropped 1% year on year to $1.18 billion 

In addition, the Twitter business recorded a net loss of $270 million, marking a 23% fall in net margin

Furthermore, costs and expenses reached $1.52 billion, a 31% increase year over year

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