Twitter reportedly slashes 10% of workforce in latest round of cuts since Musk takeover – National
Twitter Inc has laid off at least 200 employees, or about 10% of its workforce, The New York Times reported late Sunday.
Saturday night’s layoffs impacted product managers, data scientists and engineers who were working on machine learning and site reliability, the NYT reported, citing people familiar with the matter.
Twitter did not immediately respond to Reuters’ request for comment.
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The company has about 2,300 active employees, according to Musk last month.
The latest layoffs laid off about 3,700 employees as part of a cost-cutting move in Musk’s $44 billion acquisition of the company after massive layoffs in early November.
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In November, Musk said the service had seen a “significant drop in revenue” as advertisers cut back on spending over content moderation concerns.
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Twitter recently started sharing advertising revenue with some content creators.
Earlier in the day, The Information reported that the social media platform laid off dozens of employees on Saturday in a bid to offset a plummeting revenue.
(Reporting by Maria Ponnezhath and Mrinmay Dey from Bangalore; Editing by Kim Coghill and Sherry Jacob-Phillips)