VOICE AIR MEDIA News Update
Twitter fired at least 200 employees or about 10 percent of the roughly 2,000 workers still employed with the social media platform on Saturday. The latest firing comes after a week since the company made it difficult for Twitter employees to communicate with each other, reported publication New York Times.
Employees were prevented from chatting with each other or looking up company data after the company’s internal messaging service Slack was taken offline, the report quoted current and former employees as saying.
Musk has implemented sweeping changes in the company including reducing the workforce since he took over the social network in late October. In early November, Twitter sacked almost 3,700 employees in a cost-cutting measure by Musk, who acquired the company for $44 billion.
The laying off is aimed to offset a decline in revenue following Musk’s takeover and further restructuring the workforce that had shrunk by at least 70 per cent to roughly 2,000.
In November, Musk said the service was experiencing a “massive drop in revenue” as advertisers pulled spending amid concerns about content moderation.
In one of the key markets in India, the company shut two of its three India offices and told employees to work from home, according to a recent report by Bloomberg.
Elon Musk’s Twitter, which fired more than 90 per cent of its roughly 200-plus staff in India late last year, closed its offices in New Delhi and Mumbai, sources privy to the development told Bloomberg. The sources said the company continues to operate an office in Bengaluru that mostly houses engineers.
Musk has sacked staff and shut offices worldwide as part of an effort to get Twitter financially stable by late 2023. Yet India is regarded as a critical growth market for US tech giants from Meta Platforms Inc. to Alphabet Inc.’s Google, which are making long-term bets on the world’s fastest-growing internet arena. Musk’s latest moves suggest he’s attaching less importance to the market for now.
