Twitter fires at least 50 employees in a bid to save Money

Early in November, Musk, who had just purchased Twitter for $44 billion, fired roughly 3,700 employees as a cost-cutting measure.

Tech News
26. Feb 2023
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Twitter fires at least 50 employees in a bid to save Money

The Information claimed that Elon Musk's Twitter Inc. fired hundreds of workers on Saturday, marking at least the ninth round of layoffs since Musk acquired control of the social network in late October.

The report in the U.S. technology focused publication early on Sunday, citing people with direct knowledge of the matter, said that the job cuts affected multiple engineering teams, including those supporting advertising technology, the primary Twitter app, as well as technical infrastructure to keep Twitter's systems up and running.

The request for a comment from Reuters was not immediately answered by Twitter.

Early in November, Musk, who had just paid $44 billion for Twitter, slashed costs by firing around 3,700 workers.

According to The Information, the most recent layoffs are intended to offset a decline in revenue as a result of Musk's acquisition and further reduce a staff that had already decreased by at least 70% to about 2,000.

In November, Musk claimed that the service had seen a "huge loss in revenue" as a result of advertisers cutting back due to worries over content filtering.

 

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