The Washington Post revealed Musk’s plans to cut Twitter employees by 75%, and Boris Johnson plans to run for prime minister of Britain – these and other important news for Friday morning, October 21, in our daily roundup.

Billionaire Elon Musk told potential investors in a deal to buy Twitter Inc (NYSE:TWTR) that he will lay off 75% of the social network’s 7,500 employees, reducing the company’s workforce to about 2,000, The Washington Post reported, citing interviews and documents obtained by the newspaper. The changes could affect the social network’s ability to control malicious content and prevent data security breaches, the Post notes.

Former British Prime Minister Boris Johnson has decided to run for Conservative Party leader and prime minister after the resignation of Liz Truss, The Times has learned. According to the newspaper’s sources among the Conservatives, he has already begun consultations with trusted figures on the matter. Johnson resigned less than two months ago; Truss announced she was stepping down on Oct. 20.

Japanese clothing retailer Uniqlo is going to completely close a number of stores in Russia that have suspended operations, Vedomosti reports, citing a company employee. According to the publication, the retailer has summoned managers of some stores to collect goods from showcases and prepare them for removal.

Chinese Deputy Minister of Ecology and Environment Zhai Qing said that in recent years China has taken the first place in the world in the development and use of renewable energy sources, according to “Kommersant”. According to the minister, in 2021, the volume of carbon dioxide emissions per unit of GDP in China decreased by 34.4% compared to 2012. Coal’s share of total consumption fell from 68.5% to 56%.

Shares of Snap Inc (NYSE:SNAP), the owner of Snapchat messenger, plunged 26% to $7.98 per share in the aftermarket. Quotes began a sharp decline after the release of its third-quarter 2022 earnings report. Snap’s revenue in the third quarter grew 6% year-on-year to $1.13 billion. The data was slightly worse than analysts’ forecasts of $1.14 billion.