Twitter held another round of layoffs over the weekend, impacting 200 employees.
The job cuts, announced late on Saturday, affected about 10% of Twitter's remaining workforce of 2,300 people. New owner Elon Musk has since told the company's remaining employees that Twitter will grant them “very significant” performance-based stock awards in late March.
Those who lost their jobs include product managers, engineers, and data scientists, including those who specialized in site reliability and machine learning.
- Twitter cut its monetization infrastructure team from 30 employees to fewer than eight.
- Twitter product manager Esther Crawford, who oversaw the company's Blue subscription redesign and upcoming payments platform, was let go, as was senior product manager Martijn de Kuijper, founder of the Revue newsletter startup acquired by Twitter in 2021.
- The job cuts come after Twitter took its internal Slack offline, barring employees from communicating via the messaging service.
Twitter has reduced its workforce from more than 7,500 employees to roughly 2,000 since Elon Musk took over in late October.
- The CEO has said that he instituted the layoffs and other cost-cutting measures to avert a projected $3B budget shortfall.
