Twitter has laid off a minimum of 200 staff, or 10% of its workforce, in response to The New York Times, in its newest spherical of job cuts since Elon Musk took over the microblogging web site final October.
The layoffs on Saturday evening impacted product managers, knowledge scientists and engineers who labored on machine studying and web site reliability, which helps maintain Twitter’s numerous options on-line, the U.S. each day reported late on Sunday, citing folks aware of the matter.
The firm has a headcount of about 2,300 energetic staff, in response to Musk final month.
The newest job cuts comply with a mass layoff in early November, when Twitter laid off about 3,700 staff in a cost-cutting measure by Musk, who had acquired the corporate for $44 billion.
Musk stated in November that the service was experiencing a “massive drop in revenue” as advertisers pulled spending amid issues about content material moderation.
Twitter lately began sharing income from ads with a few of its content material creators.
Earlier within the day, The Information reported that the social media platform laid off dozens of staff on Saturday, aiming to offset a plunge in income.
Esther Crawford, accountable for the social community’s product growth, was one of many newest staff let go, in response to the Times.
Crawford was among the many few remaining Twitter executives from earlier than its October acquisition by Musk who had not resigned or been fired.
Head of the brand new Twitter Blue verification program, she had been a staunch supporter of Musk and the corporate, going as far as to retweet a photograph of herself sleeping in a sleeping bag at her office.
“The worst take you could have from watching me go all-in on Twitter 2.0 is that my optimism or hard work was a mistake,” she wrote on Twitter.
“Those who jeer & mock are necessarily on the sidelines and not in the arena. I’m deeply proud of the team for building through so much noise & chaos.”
Other giants within the once-unassailable tech sector – together with Amazon, Alphabet and Meta – have introduced hundreds of layoffs previously yr.
The firings got here after a significant hiring spree within the tech business when the businesses scrambled to satisfy skyrocketing demand for his or her merchandise as folks went on-line for work, procuring and leisure in the course of the coronavirus pandemic.
Source: www.dailysabah.com
