The social platform "Twitter" laid off at least 50 people on the 25th.

(Schematic, AFP)

[Financial Channel/Comprehensive Report] According to foreign media reports, in order to cut costs, the social platform "Twitter (Twitter)" implemented layoffs again on Saturday (25th), and it is estimated that at least 50 employees will be affected. Since Musk took over Twitter, it is at least the eighth round of layoffs.

The technology news website "The Information" quoted people familiar with the matter as saying that Twitter's new round of layoffs will affect multiple engineering teams including support for advertising technology, Twitter's main application (App), and the technical infrastructure that maintains the operation of the platform system.

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The report pointed out that Twitter's new round of layoffs aims to offset the decline in revenue after Musk's acquisition. This move has further reduced the total number of employees, which has been reduced by at least 70%, to about 2,000.

Twitter did not respond to a request for comment on the report.

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