Twitter layoffs

Twitter has cut another 200 jobs, or 10% of its entire workforce, in its latest round of layoffs.

Transcript

00:00Twitter has reportedly cut another 200 jobs or 10% of its entire workforce in its latest

00:06round of layoffs.

00:07Prior to Elon Musk's acquisition of the social media company in October 2022, the

00:11company had approximately 7,500 employees.

00:14It now has less than 2,000 employees, according to the New York Times.

00:19The layoffs reportedly happened on Saturday night and included Esther Crawford, who led

00:23the platform's Twitter Blue subscription service initiative.

00:26Following the first round of layoffs, when Elon Musk told employees they would need to

00:29be extremely hardcore to be successful, Crawford tweeted a now-viral picture of herself in

00:34the office with the hashtag SleepWhereYouWork.

00:37According to Business Insider, Twitter Blue currently has less than 300,000 subscribers.

00:42Twitter also has been losing advertising revenue since Musk took over, with major companies

00:46like Coca-Cola, Jeep, and Wells Fargo pulling their ad spending on the platform as of January.