The Information claimed that Elon Musk’s Twitter fired hundreds of workers on Saturday, marking at least the ninth round of layoffs since Musk acquired social network control in late October. Twitter announced it would let go of 50 workers from its engineering departments, including those who worked on teams supporting the company’s main app, advertising technology, and technical infrastructure.
On February 26, 2023, Michael Pegram posted a Tweet to his official Twitter account in which he wrote-
“Twitter lays off at least 50 in relentless cost cuts, The Information reports”
Twitter lays off at least 50 in relentless cost cuts, The Information reports https://t.co/NMb8GpyPJ0
— Michael Pegram (@MichaelPNews) February 26, 2023
The report in the U.S. technology-focused publication, early on Sunday, cited people with direct knowledge of the situation and stated that the job cuts affected multiple engineering teams, including those supporting advertising technology, the main Twitter app, as well as technical infrastructure to keep Twitter’s systems up and running.
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Twitter did not immediately answer the request for comment from Reuters. Early in November, Musk, who had just paid $44 billion for Twitter, slashed costs by firing around 3,700 workers.
According to The Information, the most recent layoffs are intended to offset a decline in revenue due to Musk’s acquisition and further reduce a staff that had already decreased by at least 70% to about 2,000. In November, Musk claimed that the service had seen a “huge loss in revenue” due to advertisers cutting back due to worries over content filtering.
Cnbc.com officially publishes this Information.