The Twitter company only has 1,300 employees, down from 7,500 when Elon Musk became its sole shareholder, according to economic television station CNBC, citing internal documents it has consulted.
There are 550 engineers, while the trust and safety personnel (‘trust and safety’) only have 20 people, despite being in charge of guaranteeing the security of users and their accounts.
When Musk definitively confirmed his purchase of the social network, for 44 billion dollars, and entered the company’s headquarters in San Francisco, he did so amid rumors that he was thinking of making layoffs, which were immediately confirmed. which now reach almost 80% of the staff at that time, according to the same source.
The downsizing has to do with Musk’s constant declarations of wanting to reduce costs, more so after Twitter’s revenues have fallen vertically after their arrival at the company’s destinations, mainly due to the massive flight of advertisers, astonished by the constant network address changes. new owner and the new and uncertain content policy.
Musk went so far as to say in early November that Twitter was losing $4 million a day, as justification for the layoffs, and on Wednesday put much of the San Francisco office building up for sale, with the stated goal of reducing those losses.
Source: TSF
