Tuesday, March 21, 2023

Twitter Cuts Jobs in Cost Reduction


Elon Musk’s Twitter has reportedly laid off dozens of employees in its latest round of job cuts, according to a report by The Information. The job cuts, which occurred on Saturday, affected multiple engineering teams, including those supporting advertising technology, the main Twitter app, and technical infrastructure. This is at least the eighth round of job cuts since Musk took over the social network in late October.

The Information reported that the job cuts were part of a cost-cutting measure by Musk, who acquired the company for $44bn. The report also stated that the job cuts were intended to offset a plunge in revenue following Musk’s takeover and further reduce the staff size, which had already shrunk by at least 70 percent to roughly 2,000.

In early November, Twitter had laid off about 3,700 employees. At that time, Musk had said that the service was experiencing a “massive drop in revenue” as advertisers pulled spending due to concerns about content moderation.

The latest round of layoffs is yet another sign of the economic impact of Musk’s takeover of Twitter. While the job cuts are intended to help the company remain financially viable, they also come at a cost to employees who have lost their jobs. It remains to be seen how these job losses will affect Twitter’s operations and user experience in the long run.

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