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laid off nearly a third of its recruiting team amid its acquisition by , according to reports.

The social media company laid off 30% of its talent acquisition team on Thursday, two months into a hiring freeze. It鈥檚 one of more than 140 tech companies based in the United States that have initiated layoffs amid a market downturn.

U.S.-based tech companies have laid off more than 24,000 employees so far this year, . Affected employees include those of publicly traded companies such as and , high-flying unicorns like and , and early-stage companies. Other large companies, including and , have also paused or slowed down hiring.

Twitter鈥檚 layoffs are notable because they also come amid Musk鈥檚 acquisition of the company.

Musk agreed to buy Twitter for $44 billion, or $54.20 per share. He said his motivation for acquiring the publicly traded social media company is to improve free speech online.

鈥淔ree speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,鈥� Musk said in an April statement.

The deal hasn鈥檛 closed yet, in part because of Musk鈥檚 own questions about how many bots and spam accounts are on the platform. Given how much back and forth there鈥檚 been between the company and Musk regarding verifying Twitter鈥檚 user numbers, the timeline of when the deal could close is unclear.

Twitter had a market cap of nearly $30 billion on Friday morning.

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