Elon Musk’s Twitter Inc on Saturday laid off dozens of employees in at least the eighth round of job cuts since Musk took over the social network in late October, The Information reported.
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 up and running, the US technology-focused publication reported on Sunday. At the beginning of the directly cited people with knowledge. Case.
Twitter did not immediately respond to a Reuters request for comment.
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 are aimed at stemming revenue declines following Musk’s acquisition and reducing a staff that had shrunk by at least 70% to about 2,000.
Musk said in November that the service was experiencing a “precipitous drop in revenue” as advertisers pulled spending amid concerns about content moderation.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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