Elon Musk’s Twitter regime has laid off at least 50 more employees according to a new report from the New York Post.
The latest layoffs at the company reportedly affected employees on engineering teams overseeing advertising technology and the social media platform’s critical infrastructure, The Information reported on Saturday, citing sources with “direct knowledge” of the situation.
The cuts “aim to offset a plunge in revenue following Musk’s takeover and further whittle down a staff that had shrunk by at least 70% to roughly 2,000,” the report states.
Senior product manager Martijn de Kuijper, who sold his newsletter platform Revue to Twitter in 2021, was laid off on Sunday, according to a tweet from his account.
“Waking up to find I’ve been locked out of my email. Looks like I’m let go. Now my Revue journey is really over,” de Kuijper tweeted.
However, the writing was on the wall for de Kuijper – and Revue; in January 2023, Musk’s regime announced that Revue would be shutting down. Now, its founder has also been pushed out of the company under Musk’s leadership.
Musk announced Monday that the remaining employees of Twitter will be receiving “significant” performance-based stock and compensation incentives, while also adding that this recent round of layoffs was “difficult,” and employees still at the company are “highly regarded,” Platformer’s Zoë Schiffer reported on Twitter.
He acknowledged that the recent round of layoffs were difficult and said Twitter employees who are still at the company are highly regarded by those around them.
— Zoë Schiffer (@ZoeSchiffer) February 27, 2023
The latest round of layoffs comes as Musk’s team is fighting to turn a profit at Twitter, which he acquired for a whopping $44 billion in 2022.
Musk claimed earlier this month that the company is “now trending to breakeven” after failing to consistently profit throughout the duration of its existence.
“Last 3 months were extremely tough, as I had to save Twitter from bankruptcy while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone,” Musk tweeted on Feb. 5.
“Twitter still has challenges but is now trending to break even if we keep at it. Public support is much appreciated!”
Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone.
Twitter still has challenges, but is now trending to breakeven if we keep at it. Public support is much appreciated!
— Elon Musk (@elonmusk) February 5, 2023
While the billionaire has faced plenty of critiques, Musk earned praise from now-Republican presidential candidate Vivek Ramaswamy earlier this month; during a visit to Fox News, Ramaswamy suggested the federal government should follow Musk’s “Twitter Files” blueprint and expose ‘state action files.’
The next U.S. President needs to do at the federal government what Elon Musk did at Twitter – and release the ‘state action files.’ Expose every instance in the last 5 years where a government official pressured a private actor to do what the government couldn’t itself do… https://t.co/hKqGfIPHaP pic.twitter.com/mSO0ElsXBt
— Vivek Ramaswamy (@VivekGRamaswamy) February 17, 2023