Musk set to announce Twitter layoffs Friday morning

New owner of Twitter Elon Musk on Friday is set announced employee layoffs for the social media company.

Musk set the time, 9 a.m. Pacific Standard, in an email obtained by ABC News. How many people will be laid off remains unclear.

"In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday," reads the email. "We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward." 

Part of Musk's reasoning for purchasing the social media platform is to make it more of an arena for free speech.

He finalized his roughly $44 billion purchase of the social media platform just days ago and has since moved swiftly to make changes.

However, he no such major changes will occur until Twitter forms a content moderation council "with widely diverse viewpoints.

"No major content decisions or account reinstatements will happen before that council convenes," he recently tweeted.

Meanwhile, the billionaire Musk, founder and CEO of electric vehicle company Telsa, has reportedly been considering other ideas on how to improve the platform included paying $8 a month fee for users to have their Twitter address verified or bringing back the old video platform Vine.