Twitter fires at least another 200 employees: Reports
Washington/UNI: Twitter has laid off at least another 200 employees on Saturday evening, The New York Times reported citing sources familiar with the matter.
According to the newspaper, the 200 employees, who were fired, represented about 10% of the roughly 2,000 people still working for Twitter.
The New York Times added that since the acquisition of the company by Elon Musk in October 2022, he has steadily laid off its employees from the initial number of about 7,500 in a bid to reduce costs.
The firings came after Twitter made it harder for its workers to communicate with each other having taken Slack offline, which was the company's internal messaging service, the former Twitter employees told The New York Times.
The New York Times reported that the mass layoffs in the company reached their peak in November with Musk firing around half of the workforce.
Smaller layoffs and resignations followed pruning the number of Twitter's staff down to about 2,000 workers.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
'Accept by Sunday 6 pm or all hell will break loose': Donald Trump issues ultimatum to Hamas
Massive hunt in different locations going on to nab 4 remaining jail breakers, SP
Pakistan denies backing Trump’s 20-point Gaza peace plan amid domestic outrage
Public Now’ launched its first Puja special issue “Sharad Trinayani”, unveiled by CM
