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Musk had stated in November that Twitter was dealing with “a large drop in income” as advertisers dropped out.
San Francisco:
Twitter Inc plans to put off 50 staff within the social media web site’s product division within the coming weeks, information web site Insider reported on Wednesday, citing two folks acquainted with the corporate.
The layoffs, which come six weeks after prime boss Elon Musk reportedly advised employees that there wouldn’t be additional retrenchment, might cut back the corporate’s headcount to underneath 2,000, in line with the report.
Twitter didn’t instantly reply to a Reuters request for remark.
Musk took over Twitter in October and swiftly moved by way of a variety of product and organizational modifications. The corporate rolled out Twitter-verified Blue check-mark as a paid service and likewise laid off about 50% employees.
Musk had stated in November that Twitter was dealing with “a large drop in income” as advertisers dropped out.
Twitter’s income for the fourth quarter fell about 35% to $1.025 billion, a prime advert govt revealed at a employees assembly, on-line publication the Info reported on Wednesday.
Employees cuts thus far, which additionally included staff working within the content material moderation division, have stoked fears of a surge in hate speech on the platform.
(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)
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