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Elon Musk hints layoffs at Twitter in future

Tech billionaire Elon Musk has told Twitter employees that the platform "needs to get healthy" financially and bring down costs, suggesting that job cuts are likely once his deal to buy the social media service goes through.

When asked about the possibility of layoffs during an internal Q&A, Musk said "Right now costs exceed revenue," citing employees, The Verge reported. "That's not a great situation," he added.