Twitter cuts more engineering, product jobs to curb costs

Twitter laid off more workers in a fresh wave of cuts meant to curb costs at the social networking company now owned by Elon Musk.

The layoffs hit employees on team across the company, including engineering and product, according to people familiar with the situation.

Some employees learned they were laid off via an email, the people said, and others tweeted that they learned they were terminated when they could no longer log into the internal system.

It’s unclear exactly how many employees were impacted, though sources believe it was dozens. The information previously reported more than 50 people were let go.

Twitter has not responded to a request for comment by Bloomberg News outside normal business hours.

Several startup founders who joined Twitter via acquisitions the past few years tweeted Sunday that they’d also been cut, including a founder of the newsletter startup Revue and the design firm Ueno.

Waking up to find I’ve been locked out of my email. Looks like I’m let go. Now my Revue journey is really over 🫡

— Martijn (@mdekuijper) February 26, 2023

Previously, Twitter had tried to avoid cutting founders to avoid having to expedite vesting of larger stock grants, people familiar with the company say.

Musk last year eliminated about 3,700 jobs at Twitter, or half of the company’s workforce, in a bid to drive down costs following his $44bn acquisition.

Also read: Meta to lay off more than 11,000 employees