Twitter laid off thousands of employees in departments across the company in November 2022, a move justified by its CEO Elon Musk.
Then in January the company dismissed employees responsible for global content moderation and those in the hate speech and harassment departments.
On Friday, CNBC reported that the social media platform has laid off about 80% of its employees since Musk acquired it. The number of employees is around 1,300 employees, including less than 550 full-time engineers.
About 75 of the company’s 1,300 employees are on furlough, including about 40 engineers, according to CNBC.
Musk took to Twitter and quashed the media report, saying Twitter has about 2,300 active contributors.
Last week, Insider reported that the company had plans to quit 50 workers in its product area.
Also read: Zuckerberg says he was more concerned about layoffs at Meta than Musk’s downsizing at Twitter
Twitter employees have reportedly said that the company plans to close many international offices and smaller US offices
the Company declared the culling of contractors as part of a “reprioritization and savings exercise”.
Twitter has bled advertisers with several high-profile companies since Musk acquired it Pause promotions on the platform.
Twitter reported a net loss of $270 million for the second quarter ended June 30, 2022, compared to a profit of $66 million for the same period last year.
Musk has bought Twitter for $44 billion and is under pressure to cut costs after a deal in which some analysts say he overpaid.
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