Twitter sheds extra workers in eighth spherical of job cuts since October: report

It’s reported that Elon Musk’s Twitter firm laid off dozens of workers on Saturday in what’s at the least the eighth spherical of job cuts since Musk took over the social community in late October.

the report mentioned in a US-focused know-how publication early Sunday, citing folks with first-hand data of the fabric.

Twitter didn’t instantly reply to a Reuters request for remark.

In early November, Twitter laid off about 3,700 workers in a cost-cutting measure by Musk, who acquired the corporate for $44 billion.

The knowledge reported that the most recent job cuts are supposed to offset the decline in income after Musk’s takeover of the corporate and additional reduce the variety of workers, which has shrunk by at the least 70% to roughly 2,000.

Musk mentioned in November that the service was seeing a “large drop in income” as advertisers pulled spending amid issues about content material moderation.

(Apart from the headline, this story was not edited by the NDTV employees and was revealed from a syndicated feed.)