Before Musk led a $44 billion leveraged buyout of Twitter last year, Twitter's headcount stood at about 7,500 employees.
Layoffs were rumored internally and expected to take place whether Musk's takeover went through or not. However, Musk has cut Twitter personnel far more than many expected -- or by about 80% according to the internal records and two recent employees who spoke with CNBC.
According to an engineer who resigned from the company, the loss of employees and reduced headcount will make it harder to maintain the service reliably while still building new features. This person, who asked to remain unnamed while discussing a prior employer, explained that the company's code base is massive, and it requires knowledge of different platforms and programming languages to maintain different parts of Twitter-- advertising services versus the core timeline, for instance. Engineers' skillsets, they said, are not necessarily transferrable across all of these.
In addition to around 1,300 full-time employees, Musk has also authorized about 130 people from his other businesses, including, SpaceX and The Boring Company, as well as talent from venture funds and other firms, to work at Twitter. Since taking over Twitter, Musk has faced a shareholder backlash at Tesla for being distracted, for stirring up political controversy with his strategy at Twitter, and for selling billions of dollars worth of his Tesla shares to finance his Twitter takeover.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk to lay off more Twitter workers to lowest headcount in yearsTwitter is bracing for further layoffs as Elon Musk shrinks the employee headcount to its lowest level in over a decade
Read more »
Elon Musk’s Twitter Auctions Off Kegerators, Office Supplies, Neon Bird Sign From San Francisco HeadquartersTwitter is auctioning kegerators, pizza ovens and other supplies—including a neon sign of Twitter’s bird logo—from its San Francisco headquarters in what appears to be its latest cost-cutting move
Read more »
Elon Musk says Biden admin could 'weaponize' federal agencies against Twitter if Trump returnsTwitter head Elon Musk said the Biden administration could weaponize federal agencies against the platform if former President Trump re-activates his account
Read more »
Elon Musk to lay off more Twitter workers to lowest headcount in yearsTwitter is bracing for further layoffs as Elon Musk shrinks the employee headcount to its lowest level in over a decade
Read more »
Someone paid $100,000 for a Twitter logo statue in Elon Musk's auctionInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Musk says Biden admin could ‘weaponize’ federal agencies against Twitter if Trump returnsMusk made the statement on Wednesday when he was replying to a user’s tweet regarding Trump making his return back to Twitter.
Read more »