Twitter has been in turmoil ever since Elon Musk took over. Since taking over, Musk has made some controversial decisions such as introducing a paid subscription model and unblocking some controversial Twitter accounts. But the biggest news since he took over has been the massive amount of layoffs that have taken place over the past several months and it looks like things aren’t going to get better either.
The information reported that Twitter laid off 50 more employees this Saturday across different departments. Among the layoffs are key engineers responsible for keeping the social media platform running. These layoffs come as the company struggles with plunging revenue and aggressive cost-cutting.
Zoe Schiffer, who covers the social media platform for The Platformer tweeted that the layoffs also included “hardcore Musk loyalists” like Esther Crawford who is the Chief Executive of Twitter Payments.
Senior Product Manager Martijn de Kuijper who founded Revue, the editorial Newsletter tool acquired by Twitter tweeted that he had been locked out of his email account.
“Waking up to find I’ve been locked out of my email. Looks like I’m let go. Now my Revue journey is really over.”
Since Musk bought the company last year, Twitter has laid off 70% of its workforce and its main source of revenue, advertising, has taken a massive hit. But that’s just the tip of the iceberg.
The platform has experienced some major technical glitches like North American users having their daily tweets limited. Musk has attempted to improve the company’s revenue in other ways but those efforts haven’t been instrumental and Twitter’s financial position has declined rapidly in recent months.
Advertising has been a problem for Twitter since many advertisers are skeptical of Musk’s future plans for the platform. However, Twitter’s many woes don’t seem to bother Elon Musk who was busy supporting Scott Adams on Twitter amid the layoffs.
“For a *very* long time, US media was racist against non-white people, now they’re racist against whites & Asians. Same thing happened with elite colleges & high schools in America. Maybe they can try not being racist,” Musk tweeted.
During its initial round of layoffs, Twitter’s CEO laid off several people who were crucial to Twitter’s growth and it seems like they have been playing catchup since. We will have to wait and see if this spells the end of Twitter or if Musk will be able to rejuvenate the company. Until then, stay tuned to Thirsty For News as we bring you similar stories.
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