Elon Musk took Twitter private last Friday for $44 billion (about 321.2 billion yuan). After taking over Twitter, Elon Musk fired four executives, including the chief executive officer, chief financial officer, general counsel and head of legal policy, trust and security.
During the week, Twitter has seen the departure of several executives, including at least five in top management, followed by news that Elon Musk would cut 75 percent of his staff, and then this week by news that he would lay off 50 percent of his staff (about 3,700 people).
Elon Musk has instructed the Twitter team to seek to save more than $1 billion a year in infrastructure costs by cutting cloud services and additional server space, according to Reuters, two people familiar with the matter and internal Slack sources at Twitter.
Slack sources indicate that the company is aiming to save $3 million a day on infrastructure.
Sources, however, note that such drastic cuts could put the Twitter site and app at risk of going down during moments of high traffic, such as the upcoming U.S. midterm elections.
