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As job cuts begin at Twitter, Elon Musk decries 'massive' sales drop

The global workforce reductions are expected to affect 3,700 jobs - about half of the company.

Elon Musk
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Photo: Bloomberg

Mark Milian, Kurt Wagner and Ed Ludlow | Bloomberg
The emails started arriving in Twitter Inc. employees’ personal inboxes in the early morning hours Friday: “Today is your last working day at the company,” the message read.
 
As people frantically refreshed their work and personal accounts to learn their fate, new owner Elon Musk sought to defend his decision to terminate thousands of jobs. He said the company had experienced a “massive drop in revenue” due to a flight of advertisers from the social network.

It was an eventful week for Twitter. Since his takeover last week, Musk has assembled a transition team of close confidants to help identify