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Twitter sacks at least 200 employees in latest round of layoffs: Report

The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability.

Published on: Feb 27, 2023, 09:05:17 IST
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Twitter Inc has laid off at least 200 employees, or about 10% of its workforce, the New York Times reported late on Sunday, in its latest round of job cuts since Elon Musk took over the micro-blogging site last October.

Tesla CEO Elon Musk arrives on the red carpet for the automobile awards "Das Goldene Lenkrad" in Berlin. (File/Reuters)
Tesla CEO Elon Musk arrives on the red carpet for the automobile awards "Das Goldene Lenkrad" in Berlin. (File/Reuters)

The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, which helps keep Twitter's various features online, the NYT report said, citing people familiar with the matter.

Twitter did not immediately respond to a Reuters request for comment.

The company has a headcount of about 2,300 active employees, according to Musk last month.

The latest job cuts follow a mass layoff in early November, when Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who had acquired the company for $44 billion.

Musk said in November that the service was experiencing a "massive drop in revenue" as advertisers pulled spending amid concerns about content moderation.

Twitter recently started sharing revenue from advertisements with some of its content creators.

 
ABOUT THE AUTHOR
Ritu Maria Johny

Multimedia journalist with Hindustan Times. Covers India, world, business and tech news with a keen eye for human-interest stories rooted in gender and culture.

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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