At least 50 more Twitter employees have been laid off in the newest round of cutbacks since Elon Musk bought the corporate for $44 billion last yr, in line with a latest report.
The layoffs on Saturday affected multiple engineering teams, including those working on ad technology, Twitter’s major application and the digital infrastructure that keeps the social media giant’s systems running, information reported.
The tech-focused website cited sources directly acquainted with the matter, in line with Reuters, who said the layoffs marked at least an eighth round of cuts under Musk’s leadership.
Those cans apparently included senior product manager Martijn de Kuijper, whose Dutch startup Revue, a digital newsletter company, was bought by Twitter for an undisclosed sum in January 2021.
“Waking up and discovering that I had lost access to my email. Looks like I have been fired. Now my adventure with Revue is admittedly over” de Kuijper wrote on Twitter early sunday.
Revue operated as a standalone company after its acquisition by Twitter, but closed on February 18, with a message posted on its website calling the move a “difficult decision.”
Advertisers have reduced or stopped spending on Twitter since Musk, a self-proclaimed “free speech absolutist,” bought it in October and brought back controversial users, including former President Donald Trump.
Musk also hired a team of freelance journalists to scour the corporate’s internal records to disclose past “suppression of free speech” through the continuing “Twitter Files” series.
The primary part details the corporate’s actions against The Post after its bombshell, the October 2029 disclosure of Hunter Biden’s infamous laptop.
Earlier this month, Musk – whose net price is estimated at $190.8 billion, making him the second richest man on the earth – tweeted that he had saved Twitter “from bankruptcy” and that the corporate “now tends to interrupt even” after three “extremely difficult months”.
Last week, Musk downplayed the corporate’s financial problems after The Wall Street Journal reported that the platform was slapped in at least nine lawsuits looking for over $14 million plus interest before taking on.
“Say what you would like about me but I acquired the world’s largest non-profit for $44 billion lol,” Musk tweeted on Tuesday.