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Twitter lays off 10% of present workforce

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Twitter lays off 10% of present workforce

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Twitter Inc. has laid off at the least 200 workers, or about 10% of its workforce, the New York Times reported late on Sunday, in its latest round of job cuts since Elon Musk took over the micro-blogging web site final October.

The layoffs on Saturday night time impacted product managers, information scientists and engineers who labored on machine studying and web site reliability, which helps preserve Twitter’s numerous options on-line, the NYT report stated, citing individuals acquainted with the matter.

Twitter didn’t instantly reply to a Reuters request for remark.

The firm has a headcount of about 2,300 energetic workers, in line with Musk final month.

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The newest job cuts comply with a mass layoff in early November, when Twitter laid off about 3,700 workers in a cost-cutting measure by Musk, who had acquired the corporate for $44 billion.

Musk stated in November that the service was experiencing a “massive drop in revenue” as advertisers pulled spending amid issues about content material moderation.

Twitter just lately began sharing income from commercials with a few of its content material creators.

Earlier within the day, The Information reported that the social media platform laid off dozens of workers on Saturday, aiming to offset a plunge in income.

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