Elon Musk has stated that Twitter losing $4 million per day led to the sack of some workers at the company, following his $44 billion acquisition.
Musk explained that the company had no choice but to cut workforce in a bid to protect Twitter’s earnings at a period the social networking site was losing advertisers.
Already, GM and General Mills Inc have suspended placing ads on Twitter, and Volkswagen Group, owner of VW, Seat, Cupra, Audi, Lamborghini, Bentley, Ducati and Porsche brands, has joined the list.
