Elon Musk is still cutting costs at Twitter, killing features and conducting layoffs as he tries to draw new investment
to"a plane that's headed towards the ground at high speed" and admitted it's facing a $3.5 billion loss in 2023.
Certain features on Twitter are being shut down in order to further reduce costs and"streamline" the platform, according to two of the people familiar with the company. Moments, a curated selection of happenings and events on Twitter, is being closed after launching in 2015. It was run mainly by Twitter's Curation team, which was almost entirely let go during Musk's.
The planned redesign of Explore will only have two tabs,"Trending" and"For you," the latter of which will be an"infinite swipeable video feed," according to a message seen by Insider. Current Explore tabs like"News,""Sports" and"Country" will be removed. Changes to Explore are supposed to be"quick and dirty," one message said, given Twitter's reduced headcount and limited bandwidth for such projects."The initial launch is not the space to dream big dreams about Explore," the message added.
The"tech stack," essentially the data and programming behind applications and features, for Explore is also supposed to be rebuilt for faster experimentation and changes with fewer people, according to a message. Cost is top of mind in conversations that come up with Musk on any Twitter feature, the two people familiar said.
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