Twitter 2.0: Massive reduction in the number of employees
The report said that before musk bought Twitter, the total number of employees is 7,500. Twitter currently has less than 550 engineers working on it. Twitter’s safety and trust team – responsible for keeping users ‘safe’ – currently has less than 20 full-time employees.
Interestingly, the report mentions that internal records show Twitter still has 1,400 ‘non-working’ employees. These are employees who continue to be paid by Twitter but fail to fulfill their responsibilities. The report found that many of these non-employees were the ones who resigned when Musk asked them to sign a statement relating to their “extremely hard work” and long hours at the company. the company.
Musk also has nearly 130 employees from Tesla and SpaceX – his two other companies – working at Twitter.
Twitter’s Revenue Trouble
As reported by The Information, Twitter’s daily revenue on January 17 was 40% lower than on the same day a year ago. There are also reports that more than 500 of Twitter’s top advertisers have stopped spending on Twitter since Musk took over.
However, according to Musk, not all is doom and gloom. A report by Axios revealed that Twitter reached content sponsorship deals with more than three dozen news agencies, media companies and sports leagues in the first half of this year.
However, the reduction in headcount could have an impact on the social media platform, according to an engineer who recently left the company. The CNBC report mentions that the engineer said “the company’s codebase is huge, and it requires knowledge of different platforms and programming languages to maintain different parts of Twitter. ” With fewer employees, it can be an uphill battle to maintain Twitter reliably, said the former engineer.