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Twitter lays off 10% of current workforce - NYT

Published 02/26/2023, 02:07 AM
Updated 02/27/2023, 06:06 AM
© Reuters. FILE PHOTO: A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. November 18, 2022. REUTERS/Carlos Barria

(Reuters) - Twitter Inc (NYSE:TWTR) has laid off at least 200 employees, 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 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 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.

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.

Latest comments

like trump who couldn't care about his voters, musk couldn't care about his workers! two narcissistic imbecils !
TDS much?🤡
Lays off? He's taking out the garbage.
says the guy already on benefits due to 'back-pain'..
the companies that stopped advertising didn't hurt musk but instead hurt the hardworking people who are now laid off. funny how that works
Advertising declines under the best of circumstances in bear markets. Musk's missteps sent advertisers running far and fast.
Twitter has always been a dumpster fire!! Musk just spent 44 billion to end the twitter propaganda machine.
He's a genius.
You mean to control it? Lmao. Literally it’s just people saying their own opinions and I am sure you also cry about mainstream media lmfao
Why in this world was social media allowed to change the laws of this country. I guess because the ones that allowed it to happen are either ignorant or rich.
good bye useless Twitter, to bad not goodbye musk
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