Twitter sheds more employees in eighth round of job cuts since October: report

It is reported that Elon Musk’s Twitter company laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October.

the report said in a US-focused technology publication early Sunday, citing people with first-hand knowledge of the material.

Twitter did not immediately respond to a Reuters request for comment.

In early November, Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who acquired the company for $44 billion.

The information reported that the latest job cuts are intended to offset the decline in revenue after Musk’s takeover of the company and further cut back the number of employees, which has shrunk by at least 70% to approximately 2,000.

Musk said in November that the service was seeing a “massive drop in revenue” as advertisers pulled spending amid concerns about content moderation.

(Except for the headline, this story was not edited by the NDTV staff and was published from a syndicated feed.)

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