Key Points: According To a report by The Information Twitter Inc laid off dozens employees in its eighth round job cuts since October 2022. This is the eighth round of job losses since Musk took control of the social network in October. The latest job cuts are aimed at
Key Points: Twitter has laid off many employees in multiple engineering departments, including those who support advertising technology and the technical infrastructure that keeps Twitter’s systems running.
This is at most the eighth round in job cuts since Musk took control of the social network in October. The latest job cuts are designed to offset a surge in revenue following Musk’s takeover.
According to The Information, Twitter Inc. has laid off dozens in its eighth round job cuts since October 2022. This is the eighth round of job losses since Musk took control of the social network in October. The latest job cuts are intended to offset a drop in revenue that followed Musk’s takeover. The move will also reduce the number of employees that have already been reduced by at least 70% to around 2,000. Twitter laid off approximately 3,700 employees in an effort to cut costs in November. Twitter laid off approximately 3,700 employees in a cost-cutting measure in early November. This was due to a significant drop in revenue. Advertisers had pulled out of spending on the social network over concerns about content moderation. Twitter is struggling to attract advertisers and maintain its user base, so the latest job cuts are a result of a difficult time. The company has been struggling with issues related to content moderation, fake news and user privacy which has led to a decline of user engagement. This also comes at a time when Musk plans to expand his business interests beyond the automotive sector. Musk has been investing in many sectors, including space exploration as well as renewable energy. Musk’s strategy to streamline operations and reduce costs in order to maximize profits could be seen in the decision to eliminate jobs at Twitter. However, it remains to be seen how these job cuts will impact Twitter’s future growth prospects and its ability to compete with other social media platforms.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuThanaCoincu NewsTags: elon muskelon musk twitterTwitterTwitter CEOTwitter Deal ClosesTwitter Layoffs
