Twitter Lays Off Around 10 Percent of Its Workforce in Latest Round of Job Cuts: Report

The layoffs on Saturday night reportedly impacted product managers, data scientists and engineers who worked on machine learning and site reliability.

Twitter Lays Off Around 10 Percent of Its Workforce in Latest Round of Job Cuts: Report

Photo Credit: Reuters

Latest job cuts follow a mass layoff of 3,700 Twitter employees in early November 2022

Highlights
  • Product managers, data scientists, and engineers impacted by layoff
  • Elon Musk acquired Twitter in October for $44 billion
  • The company had a headcount of about 2,300 active employees last month
Advertisement

Twitter has laid off at least 200 employees, or about 10 percent 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 site last October.

The layoffs on Saturday night impacted product managers, data scientists, and engineers who worked on machine learning and site reliability, which helps keep Twitter's various features online, the NYT report said, citing people familiar with the matter.

Twitter did not immediately respond to a Reuters request for comment.

The company has a headcount of about 2,300 active employees, according to Elon Musk last month.

The latest job cuts follow a mass layoff in early November, when Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who had acquired the company for $44 billion (roughly Rs. 3,64,720 crore).

Musk said in November that the service was experiencing a "massive drop in revenue" as advertisers pulled spending amid concerns about content moderation.

Twitter recently started sharing revenue from advertisements with some of its content creators.

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

Earlier this month, Twitter closed two of its three offices in India after the company had fired more than 90 percent of just over 200 of its staff in India last year.

The social media company reportedly shut down offices in New Delhi and Mumbai but continued to operate its office in the southern tech hub of Bengaluru which mostly houses engineers.

 Thomson Reuters 2023


After facing headwinds in India last year, Xiaomi is all set to take on the competition in 2023. What are the company's plans for its wide product portfolio and its Make in India committment in the country? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

 

Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Twitter, Job cuts, Elon Musk
Nokia to Change Branding Ahead of MWC 2023, New Logo Drops Iconic Blue Colour
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

Advertisement

Follow Us
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »