Twitter Inc plans to lay off 50 employees at the social media site’s product division in the coming weeks, news website Insider reported Wednesday. It cited two people familiar with the company.
The layoffs, which come six weeks after chief executive Elon Musk told staff there would be no more cuts to staff. That could bring the company’s workforce down to below 2,000, according to the report.
Twitter did not immediately respond to a Reuters request for comment.
Musk took over Twitter in October and made rapid product and organizational changes. The company launched Twitter-verified blue checkmarks as a paid service and laid off about 50% of its employees.
musk say In November, Twitter faced a “significant drop in revenue” as advertisers quit.
Twitter’s fourth-quarter revenue fell about 35% to $1.025 billion. A senior advertising executive revealed at a staff meeting. publish information online report on wednesday
Until now, the reduction of staff This includes employees working in the content moderation department. This has led to fears of an increase in hate speech on the platform.
