Twitter laid off 'dozens' more workers on Saturday as Elon Musk continues to cut costs, report says
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- Twitter laid off another 50 workers as Elon Musk continues to cut costs, The Information reported.
- The latest cuts affected engineers responsible for keeping systems operating.
- Martijn Kuijper, who founded the Revue newsletter publishing platform, was among those laid off.
Twitter has laid off "dozens" more workers as Elon Musk continues to slash costs, The Information reported.
The latest cuts, which the report said took place on Saturday, affected at least 50 staff including engineers responsible for keeping the social media platform's systems running.
Among those who lost their jobs was Martijn Kuijper, who founded the Revue newsletter publishing platform bought by Twitter in January 2021, and then shut down last month following Musk's takeover.
—Martijn (@mdekuijper) February 26, 2023
Since Musk's $44 billion takeover in October, Twitter has laid off thousands of employees, reducing its headcount by almost 75%.
The billionaire said in a TED interview in April last year: "Having a platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization. This is not about the economics at all."
However, the same month he told bankers who helped finance his takeover that he could crack down on executive and board pay to cut costs and would find new ways to monetize tweets, Reuters reported.
Musk's attempt to boost revenues has faced obstacles, however. The Information reported that only 180,000 people in the US had paid for the Twitter Blue feature as of mid-January.
On Tuesday, the billionaire called Twitter "the world's largest non-profit."
—Elon Musk (@elonmusk) February 21, 2023
Twitter and Kuijper didn't immediately respond to requests for comment from Insider, made outside normal working hours.