Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Elon Musk’s Twitter conducts yet another round of layoffs, firing dozens: report By: FOX Business February 26, 2023 at 12:03 PM EST Twitter fired at least 50 more employees on Saturday in yet another round of layoffs since billionaire Elon Musk took over the company and began cutting costs in October. Elon Musk's Twitter conducted yet another round of layoffs this weekend, reportedly firing 50 employees in an effort to further cut costs at the company.The layoff struck engineering teams related to advertising and Twitter's app, according to The Information. Musk has laid off thousands of Twitter employees since gaining control over the company in October.Twitter did not immediately respond to a request for comment from Fox News Digital.Musk has complained of plunging revenue since taking over Twitter, with many advertisers leaving the platform.ELON MUSK TO ROLL OUT MULTI-COLORED VERIFICATION CHECKSMusk joked grimly about Twitter's profits last week."Say what you want about me, but I acquired the world’s largest non-profit for $44B," he wrote on Twitter.TWITTER SAYS ONLY PAID SUBSCRIBERS WILL BE ABLE TO USE TEXTS FOR TWO-FACTOR AUTHENTICATIONNevertheless, Musk has bragged that the platform has seen skyrocketing use since he took over.Musk's cost-cutting efforts led to the firing of roughly 3,700 employees in recent months, leaving the company with a staff of roughly 2,000.CLICK HERE TO READ MORE ON FOX BUSINESSMusk's changes to the Twitter platform have related largely to the Twitter Blue subscription program, which now allows users to pay a monthly fee to secure their own blue "verified" badge. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Elon Musk’s Twitter conducts yet another round of layoffs, firing dozens: report By: FOX Business February 26, 2023 at 12:03 PM EST Twitter fired at least 50 more employees on Saturday in yet another round of layoffs since billionaire Elon Musk took over the company and began cutting costs in October. Elon Musk's Twitter conducted yet another round of layoffs this weekend, reportedly firing 50 employees in an effort to further cut costs at the company.The layoff struck engineering teams related to advertising and Twitter's app, according to The Information. Musk has laid off thousands of Twitter employees since gaining control over the company in October.Twitter did not immediately respond to a request for comment from Fox News Digital.Musk has complained of plunging revenue since taking over Twitter, with many advertisers leaving the platform.ELON MUSK TO ROLL OUT MULTI-COLORED VERIFICATION CHECKSMusk joked grimly about Twitter's profits last week."Say what you want about me, but I acquired the world’s largest non-profit for $44B," he wrote on Twitter.TWITTER SAYS ONLY PAID SUBSCRIBERS WILL BE ABLE TO USE TEXTS FOR TWO-FACTOR AUTHENTICATIONNevertheless, Musk has bragged that the platform has seen skyrocketing use since he took over.Musk's cost-cutting efforts led to the firing of roughly 3,700 employees in recent months, leaving the company with a staff of roughly 2,000.CLICK HERE TO READ MORE ON FOX BUSINESSMusk's changes to the Twitter platform have related largely to the Twitter Blue subscription program, which now allows users to pay a monthly fee to secure their own blue "verified" badge.