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Twitter Lays Off Dozens Amid Revenue Decline

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According to the report of the Information, Twitter laid off dozens of people on Saturday to make up for the impact of revenue decline. According to the report…

Twitter Lays Off Dozens Amid Revenue Decline

According to the report of the Information, Twitter laid off dozens of people on Saturday to make up for the impact of revenue decline. According to the report, this move involves some engineering teams, including advertising technical support, Twitter main applications and technical infrastructure teams. Twitter hasn’t commented on this yet.

Twitter cuts at least 50 people in the cost reduction action

Interpretation of the news:


Social media platform, Twitter, has resorted to laying off dozens of employees as a response to the revenue decline it has been experiencing for some time now. A report by the Information confirmed that the company carried out this action on Saturday. As part of the layoffs, some engineering teams, including advertising technical support, the main application team, and technical infrastructure, were affected. Despite this development, Twitter has remained quiet and has declined to comment regarding the layoffs.

This move by Twitter is not surprising as other social media giants such as Facebook and Google have also laid off workers to manage the impact of the economic downturn following the outbreak of the COVID-19 pandemic. Twitter had also made an announcement in July that it would streamline its API platform to focus on data subscriptions and enterprise API solutions. The streamlining process included shutting down some legacy APIs, such as data streams, site streams, and direct messaging endpoints.

Although Twitter did not disclose the number of employees that were laid off, it is speculated that the number could be in dozens. This job cut was not the first by Twitter as it had carried out a similar action in 2017, where it laid off several hundred employees on the launch of its Vid.ai service.

The social media industry has been a buzz of recent as lawmakers and regulatory authorities have begun to be keen on how big tech platforms handle information and user data privacy. Twitter, alongside other social media companies, had been invited to make a virtual appearance at a Senate Judiciary Committee hearing to discuss how they have managed misinformation during this election cycle.

In conclusion, Twitter’s move to lay off employees is a reaction to its revenue decline as the company has been working on restructuring its API platform. Although the company has not made an official comment regarding the layoffs, it is expected that such moves would continue to happen in the industry as companies work to adjust to the economic impact of the pandemic.

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