ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, September 18, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Cost Cutting: Elon Musk Lays Off 50% Twitter Staff

by Royal Ibeh
3 years ago
in Business
Elon Musk
Share on WhatsAppShare on FacebookShare on XTelegram

The CEO of Twitter, Elon Musk has laid off at least 50 per cent of his employees as efforts to offset a plunge in revenue, thereby, shrinking the staff strength by at least 70 per cent to roughly 2,000, a report has revealed.

Advertisement

The report by ‘The Information’ 

disclosed that this recent lay off is the eighth round of job cuts since Musk took over the social network in late October. 

The report explained that the social media platform would be firing 50 employees across multiple engineering teams, including those supporting advertising technology, the main Twitter app, and technical infrastructure to keep its systems up and running.

Last week, Twitter laid off employees from its ad sales team, the report disclosed, adding that, the social media company had about 800 sales and marketing employees as of last month.

Related News

Italian Luxury Brand Angelo Galasso Unveils Exclusive Collection At The Delborough Lagos

2 minutes ago

How To Win Up To $100 Million? Your Guide To The World’s Biggest Lotteries

3 hours ago

Recall that the first round of layoffs at Twitter began in early November when 3,700 employees were fired in a cost-cutting measure by Musk, who acquired the company for $44 billion.

A day before firing these employees from the ad sales team, Twitter shut two of its three India offices and told its staff to work from home, underscoring Musk’s mission to slash costs and get the struggling social media service in the black.

Having fired more than 90 per cent of its roughly 200-plus staff in India late last year, it went on to close its offices in New Delhi and Mumbai, as per Bloomberg report.

After Elon Musk, Chinese Billionaire, Hui Ka Yan, Loses 90% Fortune

Musk in November said the service was experiencing a “massive drop in revenue” as advertisers pulled spending amid concerns about content moderation.

The report by ‘The Information’ averred that Musk’s attempt to generate revenue from subscriptions has gotten off to a slow start as only 180,000 people in the US were paying $8 to $11 per month to subscribe to Twitter Blue as of mid-January, two months after its launch.

Twitter Blue’s monthly cost is higher than Netflix, Spotify, Apple Music, and several other global services which are generally cheaper in markets with low Gross Domestic Product growth rates.

“In India, too, the adoption of Twitter Blue as a subscription service has been tepid as people are reluctant to shed Rs 900 per month for mobile devices and Rs 650 for web devices,” it added.

 

Join Our WhatsApp Channel

Tags: Elon Musk
SendShare10172Tweet6357Share

Other News Updates

Business

Italian Luxury Brand Angelo Galasso Unveils Exclusive Collection At The Delborough Lagos

2025/09/18
Business

How To Win Up To $100 Million? Your Guide To The World’s Biggest Lotteries

2025/09/18
Business

Government Spends N330bn On Social Safety Nets In 9 Months

2025/09/18
Business

Stock Market Lifted By N309bn In Single Day Trading

2025/09/18
Business

RMAFC Advocates Diversification For Economic Growth

2025/09/18
Business

Expert Champions Ethical Procurement, Sustainable Growth

2025/09/18
Leadership Conference advertisement

LATEST

Italian Luxury Brand Angelo Galasso Unveils Exclusive Collection At The Delborough Lagos

Court Jails IPPIS Accountants 3 Years For Diverting Salaries Of Ex-FMC Workers

Publish Recipients Of N330bn Payout To Poor Nigerians, NLC Tells Federal Government

Federal Government Unveils Mega Passport Centre

Rivers Assembly Demands List Of New Commissioners, New Budget, From Fubara

‘I Will Sign Your Condolences’, Again, Wike Fires Back At Those Wishing Him Dead

Ajaokuta: Federal Government Refutes Dangote’s Claim, Says Steel Firm To Be Revived

Customs Intercepts Illicit Drugs Worth N5.1bn At Lagos Airport

Nationwide Protests Against Macron’s Policies In France

Kenya Airways Pays Fines For Consumer Protection-related Infractions

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.