This is at least the eighth round of job cuts since Elon Musk took over the social network in late October last year.
The job cuts impacted multiple engineering teams, including those supporting advertising technology, the main Twitter app as well as technical infrastructure to keep Twitter's systems up and running, the report in the U.S. technology focused publication said early on Sunday, citing people with direct knowledge of the matter.In early November, Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who acquired the company for $44 billion.
The Information reported that the latest job cuts aim to offset a plunge in revenue following Musk's takeover and further whittle down a staff that had shrunk by at least 70% to roughly 2,000. Musk in November said that the service was experiencing a"massive drop in revenue" as advertisers pulled spending amid concerns about content moderation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter lays off at least 50 in relentless cost cuts, reports The InformationNEW YORK, Feb 26 — Elon Musk’s Twitter Inc laid off dozens of employees yesterday in what is at least the eighth round of job cuts since Musk took over the social network in...
Read more »
RM1 million withdrawal not ordered by Syed Saddiq - witnessArmada's ex-information chief Ulya Aqamah testifies this in the High Court.
Read more »
Fahmi: Voters to know dates of state elections by end of MarchKUALA LUMPUR, Feb 26 — The dates of the anticipated six state elections due this year are expected to be unveiled before the end of March, PKR information chief Fahmi Fadzil said...
Read more »
Opinion: Twitter is eliminating SMS two-factor authentication for non-Blue subscribers. What to do nextThere are free authenticator apps you can use.
Read more »
French documentary, eight-year-old Spanish girl clinch top prizes at BerlinaleBERLIN, Feb 26 — The Berlin film festival on Saturday awarded its Golden Bear top prize to a documentary by French director Nicolas Philibert and its best acting award to an...
Read more »