Twitter lays off at least 50 in cost cuts: The Information
Latest round of layoffs affects multiple engineering teams, report says.
Elon Musk’s Twitter has laid off dozens of employees in what is at least the eighth round of job cuts since Musk took over the social network in late October, the Information reported.
The job cuts on Saturday affected multiple engineering teams, including those supporting advertising technology, the main Twitter app, as well as technical infrastructure to keep Twitter’s systems up and running, the report in the US technology-focused publication said early on Sunday, citing people with direct knowledge of the matter.
Twitter did not immediately respond to a request for comment.
In early November, Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who acquired the company for $44bn.
The Information reported that the latest job cuts aim to offset a plunge in revenue following Musk’s takeover and further whittle down a staff that had shrunk by at least 70 percent to roughly 2,000.
Musk in November said that the service was experiencing a “massive drop in revenue” as advertisers pulled spending amid concerns about content moderation.