Twitter lays off at least 50 in relentless cost cuts: report

Twitter announced on Saturday that it will be firing 50 employees across multiple engineering teams, including those supporting advertising technology, the main Twitter app, and technical infrastructure to keep Twitter’s systems up and running, the report added.

Last week, Twitter laid off employees from its ad sales team The Information had reported.

The number of job cuts, however, was not known, as per the report, which added that the social media company had about 800 sales and marketing employees as of last month.

Twitter had in November last year reduced staff from its sales team.

A day before firing these employees from the ad sales team, Twitter shut two of its three India offices and told its staff to work from home, underscoring Musk’s mission to slash costs and get the struggling social media service in the black.

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Twitter, which fired more than 90% of its roughly 200-plus staff in India late last year, closed its offices in the national capital New Delhi and financial hub of Mumbai, people aware of the matter said. The company continues to operate an office in the southern tech hub of Bengaluru that mostly houses engineers, the people told Bloomberg, declining to be identified as the information is private.

The first round of layoffs began in early November, when Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who acquired the company for $44 billion.

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