Twitter Inc options to lay off 50 employees in the social media site’s product or service division in the coming weeks, information website Insider described on Wednesday, citing two individuals acquainted with the company.
The layoffs, which come six months after prime boss Elon Musk reportedly explained to team that there would not be even more retrenchment, could lower the firm’s headcount to below 2,000, in accordance to the report.
Twitter did not quickly answer to a Reuters request for remark.
Musk took around Twitter in Oct and quickly moved by way of a variety of item and organizational modifications. The business rolled out Twitter-confirmed Blue check-mark as a compensated company and also laid off about 50% team.
Musk experienced reported in November that Twitter was going through “a significant drop in revenue” as advertisers dropped out.
Twitter’s revenue for the fourth quarter fell about 35% to $1,025 billion, a top advert govt unveiled at a employees meeting, on the web publication the Information reported on Wednesday.
Staff members cuts so far, which also integrated employees performing in the articles moderation division, have stoked fears of a surge in loathe speech on the system.
(Besides for the headline, this tale has not been edited by NDTV personnel and is published from a syndicated feed.)
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