Twitter's new owner Elon Musk told staff in an ongoing all-hands meeting that the social media company does not plan more layoffs, according to a tweet by a Verge reporter.

Instead, the company is now recruiting people in engineering and sales roles, Verge Deputy Editor Alex Heath said.

Twitter has had a bumpy ride since Musk acquired it for $44 billion last month.

The company has cut its global staff size by about half, while Musk has also raised the possibility of Twitter going bankrupt.

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