Twitter started the round of layoffs again this week and on Saturday around 50 people were laid off. Along with this, the company’s workforce has decreased by at least 70% since Elon Musk’s takeover. In November last year, the social media giant laid off half its staff as four advertisers stopped spending.
According to a report in The Information, the job cuts affected several engineering teams — including those supporting advertising technology, the main Twitter app, as well as the technical infrastructure to keep Twitter’s systems running.
While exact numbers are not available, reports suggest that Twitter now has only 2,000 employees.
Since Musk’s takeover in October last year, the company has implemented cost-cutting measures as it looks to offset declining revenue. About 3,700 workers were laid off in early November, with hundreds of others resigning later. Despite assurances that there would be no further layoffs, the company last month ordered at least a dozen more job cuts in its Dublin and Singapore offices.
Within India, Twitter has now closed two of its three offices and laid off more than 90% of its 200-plus staff members.
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Musk noted last year that the service was facing a “precipitous drop in revenue” as advertisers pulled spending amid concerns about content moderation.
Following the layoffs, dozens of former Twitter employees accused the company of various legal violations stemming from Musk’s acquisition. The allegations included targeting women for layoffs and failing to pay promised severance. Twitter is also facing at least three complaints claiming workers were fired for criticizing the company, attempting to organize a strike and other conduct protected by federal labor law.
(with inputs from agencies)
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