Twitter lays off 10% of current workforce

New York, Feb. 27 (BNA): The New York Times reported late Sunday that Twitter has laid off at least 200 employees, or about 10% of its workforce, in the latest round of job cuts since Elon Musk took over the company. thumbnail. -Blogging site last October.

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

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

The company has about 2,300 active employees, according to Musk last month.

The latest job cuts followed mass layoffs in early November, when Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who acquired the company for $44 billion, Reuters reported.

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

Twitter recently started sharing advertising revenue with some 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 drop in revenue.

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