Elon Musk Washington: The number of employees at Twitter has decreased by about 80% since US entrepreneur Elon Musk’s multibillion-dollar acquisition, CNBC reports citing internal company records.
Before Musk finalized the $44 billion acquisition of Twitter in late October, 2022, the San Francisco-based company had about 7,500 employees, but that number has gone down to approximately 1,300 active employees, CNBC said on Friday.
Twitter now has fewer than 550 full-time engineers and the trust and safety team includes fewer than 20 full-time employees.
The company also has around 1,400 non-working employees who are still being paid. In addition, about 75 of the company’s 1,300 employees are on leave, including 40 engineers, CNBC specified.
Musk has changed the company's day-to-day operations, including the termination of Twitter executives who were responsible for the platform's privacy, cybersecurity and censorship.
In December, The New York Times reported that Twitter had stopped paying rent for office space for several weeks to cut costs.
(With UNI inputs)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
