Twitter’s staff has been drastically reduced during the last six months due to mass layoffs and resignations from employees. Since Elon Musk acquired the well-known microblogging platform last October in a $44 billion deal, the number of employees has fallen by 90%.
According to reports, as Musk continues to make layoffs, the company’s workforce strength has fallen to its lowest point in years. According to the article, there are now around 1,000 full-time workers, according to two persons with knowledge of the situation.
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Musk said that after acquiring control of Twitter, he has dismissed more than 6,000 employees in a recent interview with the BBC. According to him, there are now just 1,500 workers working on the social networking site, down from just under 8,000 when he bought it. He did not specify, however, whether that figure includes contract employees, who are technically third-party employees but are not regarded as full-time personnel.
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Musk’s Twitter was reportedly the first to release the, blaming difficult macroeconomic circumstances, even though several Big Tech businesses have lost thousands of workers in recent months. Musk sacked several of Twitter’s senior executives once the acquisition was completed, including the CEO Parag Agarwal, the CFO Ned Segal, and the head of law and policy Vijaya Gadde. Early in November, the new manager dismissed 3,700 workers as a cost-cutting move, starting the first wave of layoffs.