Elon Musk is reportedly planning to cut Twitter's workforce in half

The mass layoffs Twitter employees have been bracing for since Elon Musk began his takeover may be on the horizon. According to Bloomberg, the website's new owner and "Chief Twit" is planning to cull 3,700 employees from the company's workforce, which would cut its number of staff members in half, in an effort to cut costs. Musk and a team of advisers are still reportedly in the midst of finalizing the terms for the layoffs, but one option they're considering is offering the people they let go 60 days' of severance pay. The executive could break the news to affected staffers as soon as Friday.