Musk Preparing for Twitter Job Cuts, Asks Leaders to Make Lists

Elon Musk has begun laying the groundwork for a round of layoffs at Twitter Inc. days after taking ownership of the social media platform.

The billionaire entrepreneur, who completed his $44 billion acquisition Thursday, has asked managers to draw up lists of team members who could be let go, according to a person with knowledge of the matter. The person asked not to be identified discussing private conversations.

Headcount reduction could commence as early as Saturday, the New York Times reported earlier. A representative of San Francisco-based Twitter didn’t immediately respond to a request for comment Saturday.

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