Twitter lays off 10pc of present workforce: report – Enterprise
Twitter Inc has laid off at the least 200 staff, or about 10 per cent of its workforce, the New York Instances reported late on Sunday, in its newest spherical of job cuts since Elon Musk took over the micro-blogging website final October.
The layoffs on Saturday night time impacted product managers, knowledge scientists and engineers who labored on machine studying and website reliability, which helps preserve Twitter’s numerous options on-line, the NYT report stated, citing folks acquainted with the matter.
Twitter didn’t instantly reply to a Reuters request for remark.
The corporate has a headcount of about 2,300 energetic staff, based on Musk final month.
The most recent job cuts observe a mass layoff in early November when Twitter laid off about 3,700 staff 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 “large drop in income” as advertisers pulled spending amid issues about content material moderation.
Twitter not too long ago began sharing income from commercials with a few of its content material creators.
Earlier within the day, The Info reported that the social media platform laid off dozens of staff on Saturday, aiming to offset a plunge in income.