Twitter once again fires 50 more employees as cost-cutting continues: Reports
Washington: Twitter has fired another 50 employees in the eighth round of job cuts since Elon Musk bought the microblogging firm for $44 billion in October, The Information reported, citing sources.
The tech industry-focused publication based in Twitter's hometown of San Francisco cited people with direct knowledge of the matter as saying that the latest cut on Saturday affected engineering teams supporting the main app, ads and technical infrastructure that keeps Twitter systems up and running.
The company laid off 50% of the staff in November after Musk complained about "a massive drop in revenue" that followed accusations of censorship thrown at him by mainstream media. Twitter staff has reportedly shrunk by at 70% to some 2,000 since then.
(With UNI inputs)
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
PM Modi to unveil ₹62,000 crore youth-centric initiatives tomorrow; big push for education, jobs
'Will erase from map if terror continues': Army Chief’s stern warning to Pakistan
'Accept by Sunday 6 pm or all hell will break loose': Donald Trump issues ultimatum to Hamas
Massive hunt in different locations going on to nab 4 remaining jail breakers, SP
