Elon Musk Fires 50 More Staff As He Continues To Cut Costs

by | Feb 26, 2023

Elon Musk

Twitter let off roughly 50 staff on Saturday in yet another round of layoffs this week. As a result, the company’s workforce has dropped by at least 70% since Elon Musk took over. Last November, the social media behemoth laid off half of its workers as four sponsors reduced their expenditure.

According to The Information, the job losses affected numerous engineering teams, including those handling advertising technologies, the primary Twitter app, and technical infrastructure to keep Twitter’s systems operational.
While specific figures are not accessible, sources indicate that Twitter today employs only 2,000 people.

After Musk’s acquisition in October of last year, the company has implemented a host of cost-cutting initiatives in an attempt to offset a drop in sales. Roughly 3,700 people were laid off in early November, with hundreds more resigning later. Despite assurances that no more layoffs would be made, the business authorized at least a dozen more job cuts in its Dublin and Singapore headquarters last month.

Twitter has already closed two of its three locations in India and fired more than 90% of its roughly 200 employees.

Musk has previously stated that the site was seeing a “huge decrease in revenue” due to advertisers withdrawing money due to concerns over content filtering.

Following the layoffs, scores of former Twitter employees accused the firm of violating different laws as a result of Musk’s takeover. The charges included discriminating against women in layoffs and failing to pay promised severance pay. Twitter is also facing at least three complaints filed with a US labor board alleging that employees were fired for criticizing the firm, seeking to organize a strike, and engaging in other federal labor law-protected behavior.

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Sarah M

Sarah M

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Sarah is the founder, owner, editor, and writer at Social Media Notes. She also does SEO, SMM, and is the SEO consultant for various companies. We hope that reading the blog posts on Social Media Notes would bring you more knowledge, and insight. Welcome to Social Media Notes!

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