Elon Musk's Twitter Again Has Discontinued 8th Work Since Acquisition

JAKARTA - Elon Musk's Twitter again laid off on Saturday, February 25, which is at least the eighth layoff since Musk took over the social network at the end of last October.

It was reported that the layoffs affected several engineering teams, including advertising technology teams, major Twitter apps, and technical infrastructure that keep Twitter's systems running. A report from US tech media, The Information, cites people who have direct knowledge of the matter.

Twitter has yet to provide a response during Reuters for comment on the report.

In early November, Twitter laid off about 3,700 employees in a cost-saving effort made by Musk, who bought the company for $44 billion.

The Information reports that the latest layoff aims to cover a drastic drop in revenue after Musk took over and cut staff, which has fallen by at least 70% to around 2,000.

In November, Musk said that the service experienced a "massive decline in revenue" as advertisers withdrew their expenses due to concerns about content moderation.