Elon Musk stated in a tweet on Saturday that there are roughly 2,300 active employees at Twitter. Twitter now has less than 550 full-time engineers by title and approximately 1,300 active, working personnel overall.
According to internal data cited by a media house, roughly 75 percent of the company’s 1,300 employees, including about 40 engineers, are on leave. “The note is incorrect. There are about 2300 active, working employees at Twitter,” Musk tweeted in a response to a tweet.
“There are still hundreds of employees working on trust & safety, along with several thousand contractors,” Musk added. Musk quickly implemented a number of organisational and product changes after taking over Twitter in October.
In addition to laying off approximately half of its workforce, the company launched a premium service called Twitter-verified Blue check-mark. Twitter is reportedly planning to fire 50 employees from its product section in the upcoming weeks, according to news reports from earlier this week.
The cuts, which come six weeks after Elon Musk, the company’s top executive, reportedly told colleagues there would be no further layoffs, could bring the company’s headcount down to under 2,000. Musk had said in November that the loss of advertising was causing Twitter to see “a big decline in revenue.”
A senior advertising executive divulged Twitter’s fourth-quarter revenue at a staff meeting, which dropped by nearly 35% to $1.025 billion (or roughly Rs 8300 crore), according to online news source the Information on Wednesday.