The hiring freeze was put in place after a takeover bid from Musk.

According to Thursday reports from various media outlets, about a third of the talent acquisition team was impacted. The layoffs were confirmed by a representative for the company.

According to The Journal, fewer than 100 people were laid off. There are more than 7,000 people employed by the social networking site.

The company stopped most hiring in May. A representative for the company said that the layoffs were related to the company's new needs.

During a town hall meeting on June 16, Musk said that he would be cutting jobs at the social media platform.

According to the Insider report, Musk said that they needed to make more than they spend.

The acquisition is still in question. Since he put in his offer in April, the CEO of the two companies has been on the look out for fake accounts.

Musk said in May that he was putting the deal on hold until the company proved that less than 5% of its accounts were fake. According to the SEC filing, less than 5% of accounts on the platform were fake.