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Twitter lays off 50% staffers

Nepalkhabar

Nepalkhabar

 |  Kathmandu

(Photo: Reuters)

Twitter has laid off 50% of its employees, the company's head of safety and integrity head Yoel Roth said on Friday in a tweet.

Twitter, the largest social platform based in San Francisco, laid off 50% of its employees after it experienced a massive drop in revenue.

With the U.S. midterm election just days away, Mr. Roth said combating harmful misinformation remained a top priority.

"Again, to be crystal clear, Twitter’s strong commitment to content moderation remains absolutely unchanged," Mr. Musk tweeted shortly after Mr. Roth's own tweet.

Earlier on Friday, Mr. Musk said Twitter had experienced "a massive drop in revenue," due to civil rights groups who raised concerns about how the layoffs would affect moderation, and pressured top advertisers to pull their ad spending.

Major brands like General Mills and General Motors have said they have stopped advertising on Twitter. (With inputs from Agencies)



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