Categories: MarketNews

Elon Musk may fire more Twitter employees today, this time likely from the sales team

The company has been scaling back its workforce in recent months and looking for ways to cut costs and increase revenue. The company has been making many moves to streamline its operations, including laying off dozens of engineers at the company’s Palo Alto headquarters earlier this year.

According to Recode, the layoffs are expected to impact about 20 percent of Twitter’s global workforce. The cuts are part of a larger effort by CEO Jack Dorsey to restructure the company’s sales team to better focus on customer acquisition.

The layoffs come as Twitter is struggling with slowing user growth and revenue, which came in at just $US924 million last quarter compared with $US1 billion during Q2 2019.

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Elon Musk may fire more Twitter employees today, this time likely from the sales team.

The company announced earlier this week that it would be cutting 9% of its staff and eliminating about 10% of its management roles. The cuts are meant to improve Twitter’s efficiency and profitability.

According to reports, Musk will likely notify employees of the layoffs at 3 p.m. Pacific Time today via email. The cuts could affect up to 200 employees, Reuters reports.

Twitter has been struggling financially since it opened its initial public offering in 2013, with losses mounting over time as the company has struggled to find its footing in an increasingly crowded social media landscape dominated by competitors like Facebook and Snapchat.”We’re making difficult decisions to put ourselves on a better path,” Jack Dorsey, CEO of both Twitter and Square Inc., said in an internal memo reported by Recode.”We are focused on building shareholder value while creating a great place for everyone to work.”

Elon Musk may fire more Twitter employees today, this time likely from the sales team.

The company announced it will be cutting 25% of its staff and transferring them to other areas.

The cuts would affect around 100 people, according to a memo sent to all employees by Twitter CEO Jack Dorsey.

The company is also looking to move out of San Francisco into a new office in New York City, according to documents viewed by TechCrunch.

It’s unclear how many sales employees will be affected by the move or if they will be fired.

Elon Musk may fire more Twitter employees today, this time likely from the sales team.

The CEO has been in a Twitter war with short-seller Andrew Left, who has made multiple claims about the company’s financials. He is also rumored to have fired at least 10 employees for not following his instructions.

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