Conducting an eighth wave of job cuts impacted workforce reduction by 70%, Twitter expects to compensate for last month’s revenue decline.
Heaptalk, Jakarta — Elon Musk’s Twitter Inc is reported to terminate another 50 employees. This layoff decision is the eighth wave since Twitter’s CEO Elon Musk expropriated this technology company last October 2022.
Previously, in early November last year, this social network company trimmed to about 3,700 employees as a part of the company’s expense diminishment by Musk, who acquired this company worth US$44 billion, or approximately Rp671 trillion, and further whittled down a staff that had diminished by 70% to 2,000 workforces, expecting to offset the revenue decrease for last months.
The information claimed this job termination occurred this weekend after Twitter employees realized they had been cut from using Slack. They encountered difficulty communicating with each other and looking up company data. As an effect of this matter, several employees ascertained they were logged out from their corporate email accounts.
As spilled by one of Twitter’s employees on the anonymous platform for verified workers Blind, “Slack is gone, and no one knows what is happening. People receive an email at 2 am on Saturday, and access is cut immediately. This will go down as one of the most extreme layoffs in entire corporate history,”
Cited in CNBC on Monday (02/07), this job cut decision hit several engineering teams, covering advertising technology support, the main Twitter app, and technical infrastructure to retain and technical infrastructure to maintain and operate Twitter’s system.
Also, according to a person familiar with the matter, the monetization infrastructure team, which keeps the services through which Twitter makes money, was reduced to fewer than eight people from 30 employees.
Following this latest layoff wave of Twitter, this job-cutting has hit multiple divisions, including 50% in human relations, 60% in sales and marketing, 35% in engineering, 40% in finance, and 80% in % in product management.
“We faced a significant drop in business revenue as advertisers withdrew spending amid concerns about content moderation,” Twitter’s press secretary said.
Despite slashing Twitter’s employees’ number, Musk has closed several Twitter branch offices in India, Singapore, and California after delaying hundreds of billions of dollars in building lease payments for months.
