Musk's Twitter plans layoffs: Reports

Days after Elon Musk completed his $44 billion Twitter takeover, the social media platform is already making plans to cut jobs, anonymous sources tell The Wall Street Journal and The New York Times. The scale of the reported layoffs is unclear, though one source told WSJ that engineering positions are among those at risk. Musk, who now also goes by "Chief Twit," tweeted Friday that one of his first moves will be “forming a content moderation council with widely diverse viewpoints” before making big content decisions, including whether to reinstate banned accounts. After Musk's takeover, top Twitter executives were ousted: CEO Parag Agrawal; Chief Financial Officer Ned Segal; top legal and policy executive Vijaya Gadde; and General Counsel Sean Edgett. General Motors said it was "temporarily" suspending advertising on Twitter as it evaluates the platform's new direction. Twitter shares were suspended from trading on the New York Stock Exchange Friday. They are slated to be delisted on Nov. 8.