Twitter Inc has laid off at least 200 employees, or about 10% of its workforce. The layoffs on Saturday night affected product managers, data scientists, and engineers who worked on machine learning and site reliability, which helps keep Twitter’s various features online.
Why it matters: This isn’t the first round of layoffs for the social media giant. In November, Twitter laid off 3,700 employees following Elon Musk taking over operations. The company currently sits at around 2,300 active employees according to Musk.
- The company’s most recent layoffs ensued a week after the company made it tough for Twitter employees to communicate with one another when Slack, the company’s internal messaging service, was taken offline.
- Revenue has dropped significantly at Twitter lately, Musk said in November, due to the service experiencing a “massive drop in revenue.”
- Layoffs are increasing across the tech industry, hinting at possible rough waters ahead.
