Twitter plans to lay off 50 employees in the social media site’s product division in the coming weeks, news site Insider reported on Wednesday, citing two people familiar with the company.
The layoffs, which come six weeks after top boss Elon Musk reportedly told employees there would be no further cuts, could reduce the company’s workforce to under 2,000, according to the report.
Twitter did not immediately respond to a Reuters request for comment.
Musk took over Twitter in October and quickly made a series of product and organizational changes. The company introduced the Twitter-verified blue tick as a paid service and also laid off about 50 percent of its employees.
Musk had said in November that Twitter was facing a “massive drop in revenue” as advertisers exited.
Twitter’s fourth-quarter revenue fell about 35 percent to US$1.025 billion (about Rs.8.3 billion), a top advertising executive said at a staff meeting for online publication The Information on Wednesday.
Previous staff cuts, which have included staff in the content moderation department, have fueled fears of a rise in hate speech on the platform. Musk in November fire the entire Ethical AI team at Twitter. In addition, over 200 employees were employed in the areas of engineering, sales and marketing as well as communication teams in India affected in the context of mass redundancies in the company.
© Thomson Reuters 2023
