Twitter Cut 10% of Its Workforce in Bid to Reduce Costs, New York Times Reports

The New York Times reported on Sunday that Twitter Inc had laid off at least 200 employees, or around 10% of its workforce, in its latest wave of job cuts since Elon Musk seized control of the social media platform last October.

According to the NYT, which cited unnamed “people familiar with the subject,” Twitter laid off product managers, data scientists, and engineers who worked on machine learning and site dependability on Saturday night.

These layoffs follow a previous one in early November, when Musk, who had just acquired Twitter for $44 billion, removed about 3,700 workers to reduce costs.

Last month, Musk stated that the company employs around 2,300 people.

In November, Musk stated that the platform had seen a “huge loss in revenue” because advertisers were pulling funding over concerns about content filtering.