The 'layoff bomb' explodes again in Twitter, now so many people have lost their jobs - Newztezz Online

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Sunday, February 26, 2023

The 'layoff bomb' explodes again in Twitter, now so many people have lost their jobs

Twitter Layoffs 2023: The microblogging platform has fired about 50 employees. This is the eighth layoff in Twitter since the arrival of Elon Musk. This time people working in advertising technology and other teams have lost their jobs.

Twitter Job Cut 2023: The phase of retrenchment in the microblogging platform Twitter is still overshadowed. This time the company has shown the way out to around 50 employees. According to reports, the microblogging site has laid off employees from several engineering teams to keep its systems running, including those supporting advertising technology, the main Twitter app and technology infrastructure. This is the eighth round of layoffs ever since Elon Musk took charge of Twitter.

The first layoffs in Twitter took place in early November last year. Around 3,700 employees were fired at that time. Elon Musk took this decision to reduce the cost. Let us tell you that Elon Musk, one of the richest personalities in the world, has bought Twitter for $ 44 billion.

Three offices closed in India

Twitter closed three offices in India a day before firing employees from the advertising sales team. The company asked the employees working here to work from home. All these measures are being taken for the exercise of reducing the cost of Musk. The Information's report claimed that the social media company had only 800 sales and marketing employees last month.

Fired 90% employees in India

Twitter last year fired 90 percent of its staff of more than 200 people working in India. According to media reports, the company has also closed its offices in Delhi and Mumbai. All these measures are being taken for the exercise of reducing the cost of Musk.

To increase earnings, the company has also started Twitter Blue subscription in India. For this, mobile users will have to pay a monthly charge of Rs 900 and web users Rs 650.

Work in progress in bengaluru

However, the company is still operating from the office located in the Southern Tech Hub of Bengaluru. Most of the engineers work at this place. Musk had said in November last year that Twitter's earnings had dropped significantly because advertisers had stopped advertising citing content moderation.

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