Twitter has cut another 200 jobs, or 10% of its entire workforce, in its latest round of layoffs.
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00:00Twitter has reportedly cut another 200 jobs or 10% of its entire workforce in its latest
00:06round of layoffs.
00:07Prior to Elon Musk's acquisition of the social media company in October 2022, the
00:11company had approximately 7,500 employees.
00:14It now has less than 2,000 employees, according to the New York Times.
00:19The layoffs reportedly happened on Saturday night and included Esther Crawford, who led
00:23the platform's Twitter Blue subscription service initiative.
00:26Following the first round of layoffs, when Elon Musk told employees they would need to
00:29be extremely hardcore to be successful, Crawford tweeted a now-viral picture of herself in
00:34the office with the hashtag SleepWhereYouWork.
00:37According to Business Insider, Twitter Blue currently has less than 300,000 subscribers.
00:42Twitter also has been losing advertising revenue since Musk took over, with major companies
00:46like Coca-Cola, Jeep, and Wells Fargo pulling their ad spending on the platform as of January.