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Elon Musk claims Twitter has 2,300 active employees and refutes 75% report on furloughed workers

Elon Musk claims Twitter has 2,300 active employees and refutes 75% report on furloughed workers

Elon Musk claims Twitter has 2,300 active employees and refutes 75% report on furloughed workers

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Twitter has around 2,300 active employees, Elon Musk said in a Tweet on Saturday. CNBC reported on Friday that Twitter’s full-time workforce has been reduced to about 1,300 working and active employees, including fewer than 550 full-time engineers per title.

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About 75 of the company’s 1,300 employees are on furlough, including about 40 engineers, CNBC said, citing internal records.

“The rating is incorrect. There are approximately 2,300 active employees on Twitter,” billionaire Musk tweeted in response to a tweet quoting CNBC.

“There are still hundreds of employees working on trust and security, as well as several thousand contractors,” Musk added.

Musk took over Twitter in October and quickly made a number of product and organizational changes. The company rolled out the verified blue tick on Twitter as a paid service and also laid off around 50% of staff.

Earlier this week, it was reported that Twitter was planning to lay off 50 employees from the social media site’s product division in the coming weeks.

The layoffs, which come six weeks after boss Elon Musk reportedly told staff there would be no further cuts, could reduce the company’s workforce to less than 2,000, the report said.

Musk took over Twitter in October and quickly made a number of product and organizational changes. The company rolled out the verified blue tick on Twitter as a paid service and also laid off around 50% of staff. Musk had said in November that Twitter was facing “a massive drop in revenue” as advertisers gave up.

Twitter’s fourth-quarter revenue fell about 35% to $1.025 billion (around Rs. 8,300 crore), a senior advertising executive revealed during a staff meeting, the publication reported on Wednesday. Information line.

© Thomson Reuters 2023


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