Since Elon Musk took over the microblogging site in October, Twitter Inc. has slashed at least 200 jobs, or approximately 10% of its workforce, said media reports.
According to the report, which cited people familiar with the situation, the layoffs on Saturday night affected product managers, data scientists, and engineers who worked on machine learning and site stability, which helps keep Twitter’s different functions online.
Last month, Musk stated that there are approximately 2,300 active employees at the company. The most recent job layoffs come after a huge layoff in early November, when Elon Musk, who had paid $44 billion for Twitter, fired approximately 3,700 employees as a cost-cutting measure.
In November, Musk claimed that the service had seen a “massive drop in revenue” as a result of advertisers cutting back, due to worries over content filtering.
Several of Twitter’s content creators have lately begun receiving a portion of the advertising money. A media publication reported that the social media network fired scores of staff on Saturday, in an effort to make up for a drop in revenue.
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