Elon Musk's Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October, the Information reported.
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
in the U.S. technology focused publication said early on Sunday, citing people with direct knowledge of the matter.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.
South Africa Latest News, South Africa 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- The InformationElon Musk's Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October, the Information reported.
Read more »
Elon Musk-led Twitter has been sued by at least six companies for failing to pay billsElon Musk is facing a pile of lawsuits over non-payment to vendors at Twitter.
Read more »
Did Elon Musk Say He Would End World Hunger?Musk's decision to buy Twitter was unrelated to any philanthropic efforts.
Read more »
Elon Musk Makes New Move on Twitter, Dogecoin (DOGE) Founder Fails to Catch Up.elonmusk says he has unblocked everyone on Twitter, except scammers. Snowden's wife remains blocked on Twitter. BillyM2k
Read more »
China says U.S. refused to share information on downed Chinese balloonChina's foreign ministry said on Friday that the United States had refused to reply to a Chinese request for information on the balloon that it had shot downed off the coast of South Carolina earlier this month.
Read more »
Harry Styles required to provide personal information for New Zealand census | CNNHarry Styles will be required to participate in the 2023 New Zealand census because he has a concert in Auckland the same night.
Read more »