A coterie of large advertisers and marketing agencies have said they will slow down or pause spending on the site while they assess how Musk operates it.

The social-media company laid off close to 3,700 people on Friday, only to reach out soon thereafter to dozens of employees who it decided were either fired in error or too essential.

The entrepreneur, who changed his Twitter bio this week to read ‘Chief Twit,’ is expected to take Twitter private and potentially lay off thousands of employees.

The message to advertisers posted Thursday on Twitter came a day before Musk’s deadline for closing his $44 billion deal to buy the social-media company and take it private.

Elon Musk made a renewed offer to take over the social media platform earlier this week.