Elon Musk is said to have directed Twitter's teams to cut up to $1 billion in annual infrastructure costs, as part of a 'Deep Cuts Plan' that could result in the service going down during high-traffic events like the US midterm elections. Twitter is said to be aiming to find up to $3 million (roughly Rs. 24 crore) a day in savings from servers and cloud services.

source https://www.gadgets360.com/social-networking/news/elon-musk-twitter-infrastructure-cut-costs-usd-1-billion-deep-cuts-plan-servers-cloud-services-3489088#rss-gadgets-all