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Twitter lays off 10% of current workforce
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.
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Blue is here: The Twitter logo is seen on the exterior of Twitter headquarters in San Francisco, California, the United States, on Oct. 28. Twitter on Monday relaunched the Blue subscription at US$8 for users accessing through the web and $11 for signing up on an Apple device, said the tech firm. (AFP/Constanza Hevia)
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witter Inc has laid off at least 200 employees, or about 10 percent of its workforce, the New York Times 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 Reuters 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.
