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Twitter lays off 10pc of current workforce: report
2023-02-28
[Dawn] Twitter Inc has laid off at least 200 employees, or about 10 per cent of its workforce, the New York Times

... which still proudly displays Walter Duranty's Pulitzer prize...

reported late on Sunday, in its latest round of job cuts since Elon Musk took over the micro-blogging site last October.

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 Rooters 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.

Earlier in the day, The Information reported that the social media platform laid off dozens of employees on Saturday, aiming to offset a plunge in revenue.
Posted by:trailing wife

#5  This brings the headcount reduction to 75% from the start point. They were spending a great deal of money paying people who evidently didn't contribute to product.
They haven't made it to profitability but they're a lot closer.
Posted by: ed in texas   2023-02-28 19:22  

#4  Maybe they can learn to audit.
Posted by: Skidmark   2023-02-28 09:16  

#3  Silicon Valley Slash and Burn: Google Layoffs Extend All the Way to Robots
Posted by: Skidmark   2023-02-28 08:42  

#2  Don't those jobs trying to clean excrement off San Fran streets pay pretty good? And gummint bennies too?
Posted by: M. Murcek   2023-02-28 08:24  

#1  Perhaps they can learn to edit children's books.
Posted by: Skidmark   2023-02-28 07:28  

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