The cuts affected a total of 983 employees in California, its home state, according to three letters of notice that the company sent to regional authorities, which were obtained by CNBC.

Twitter employees expect a 50% reduction in force, as Elon Musk scrambles to improve margins at the social network he just acquired for $44 billion.

Twitter may one day look more like WeChat Pay, the digital payments service of Chinese messaging app WeChat, Wood said.

That will give time to set up a clearer process around content moderation, Musk said, giving more details about his planned council to inform those decisions.

Since Musk took Twitter private on Oct. 28, the site has seen a surge of racist and other hateful tweets, according to the Network Contagion Research Institute.

Since Elon Musk’s acquisition of Twitter closed last week, employees have been concerned that they wouldn’t be paid for their vested stock.

Tesla employees who Musk enlisted to help with his Twitter takeover include Autopilot engineers, security information workers and other lieutenants.

Here’s a timeline of Twitter’s most notable moments over the past 16 years.

Musk completed his $44 billion acquisition of the company this week.

Elon Musk says he plans a Twitter “content moderation council” and will not reinstate any accounts or make major content decisions before it is convened.

General Motors is suspending advertising on Twitter following Elon Musk’s takeover of the social media platform.

Musk has previously said he would reverse Trump’s ban once he owned the company, though Trump said he would not come back.

Tesla CEO Elon Musk has taken control of Twitter, which he agreed to purchase for $44 billion.