The New York Times reported Sunday that Twitter has laid off about 200 employees, or about 10% of its workforce, as part of an ongoing restructuring effort since Elon Musk took over control of the platform last October. The company reportedly fired several employees.
The layoffs, made Saturday night, primarily affect product managers, data scientists, and engineers specializing in machine learning and site reliability, which are critical to keeping Twitter's various features online. Ta. The job cuts come amid a broader reorganization aimed at streamlining operations and improving efficiency.
Twitter has not yet responded to a request for comment on the reported layoffs. The company currently has approximately 2,300 employees, as Musk indicated in a previous statement.
The latest layoffs follow a major round of layoffs in November, when the company laid off about 3,700 employees as part of cost-cutting measures launched after Mr. Musk bought the company for $44 billion. Musk said revenue at the time dropped significantly as advertisers pulled back on spending due to concerns about content moderation.
To alleviate revenue challenges, Twitter aims to diversify its revenue sources, introducing initiatives such as revenue sharing with content creators.
Earlier in the day, The Information reported that Twitter also laid off dozens of employees on Saturday in response to a sharp decline in revenue. These actions underscore Twitter's continued efforts to adapt to evolving market dynamics and ensure long-term sustainability amid changing consumer behavior and competitive pressures.
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