Twitter announced on Monday that it will lay off at least 50 workers, marking the eighth job cut since Elon Musk’s acquisition of the social media platform in late October 2022. The layoffs will impact several engineering teams, including the ad technology support team, the core Twitter app team, and the technology infrastructure team that keeps the Twitter system running continuously.
These cuts are aimed to offset the decline in revenue since Musk took over Twitter and will reduce the number of employees from the original count of at least 70% to approximately 2,000 people.
In early November 2022, Twitter had already laid off around 3,700 workers as part of Musk’s cost-cutting measures after he acquired the platform for $44 billion. Musk had noted that Twitter was facing a significant decline in revenue as advertisers halted spending on the platform amid concerns around content restrictions.