On Saturday, February 25, Twitter laid off at least 50 people. informs Information. This is the eighth cut since Elon Musk took over the company in October.
In addition to the engineering and technical departments, it was noted that the employees of the advertising departments were also included in the discount. According to the publication, the layoffs are aimed at compensating for the drop in Twitter’s revenues following Elon Musk’s acquisition of the social network.
Since October 2022, Twitter’s workforce is said to have been reduced by at least 70% to around 2,000 people.
Shortly after joining Twitter, Musk said the service suffered a significant drop in revenue as advertisers slashed spending over concerns about moderating content on the social network.
Formerly socialbites.ca saidElon Musk wants to buy Sigma Lithium to make batteries for Tesla.