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Twitter says layoffs to begin Friday

Twitter said it will start laying off employees on Friday, according to a memo sent to staff, with several workers filing a lawsuit alleging the move by new owner billionaire Elon Musk violates US labor law.

How Elon Musk funded $44 billion Twitter deal

Elon Musk on Thursday closed the $44 billion deal announced in April to take Twitter Inc private and took ownership of the influential social media platform by firing top executives immediately.