According to a report by The New York Times, Twitter Inc has laid off about 10% of its workforce, or at least 200 employees, in its latest round of job cuts since Elon Musk took over as CEO last October.
The layoffs on Saturday night affected product managers, data scientists, and engineers who worked on machine learning and site reliability. Twitter has not responded to requests for comment from Reuters.
With a current headcount of approximately 2,300 active employees, Musk has previously stated that Twitter has been experiencing a “massive drop in revenue” as advertisers pulled spending amid concerns about content moderation.
This is not the first time Twitter has implemented significant job cuts, as the company laid off around 3,700 employees in early November as part of a cost-cutting measure.
Despite these challenges, Twitter has recently begun sharing advertising revenue with some of its content creators.
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