Elon Musk has fired at least 200 members of staff at Twitter, according to reports, after revealing the firm is experiencing a “massive drop in revenue”.
The cuts made over the weekend equate to around 10 per cent of Twitter Inc’s workforce, the New York Times (NYT) reported late on Sunday, and mark the latest round of job cuts since Mr Musk took over the social media site in October.
Those let go on Saturday night included product managers, data scientists and engineers, the NYT report said, citing people familiar with the matter.
Twitter did not immediately respond to a request from news agency Reuters for comment.
Mr Musk last month said the company has a headcount of about 2,300 active employees.
The latest round of cuts comes after mass layoffs in early November, which saw Twitter let go around 3,700 employees in a cost-cutting measure by Mr Musk, who had acquired the company for $44 billion.
Tesla and SpaceX CEO Mr Musk said in November that the service was experiencing a “massive drop in revenue” as advertisers pulled spending amid concerns about content moderation.
Twitter recently started sharing revenue from advertisements with some of its content creators.
