{"id":26774,"date":"2023-03-01T18:45:13","date_gmt":"2023-03-01T18:45:13","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/twitter-reportedly-lays-off-200-more-employees"},"modified":"2023-03-01T18:45:13","modified_gmt":"2023-03-01T18:45:13","slug":"twitter-reportedly-lays-off-200-more-employees","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/twitter-reportedly-lays-off-200-more-employees","title":{"rendered":"Twitter reportedly lays off 200 more employees"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Twitter has laid off at least 200 staff in another round of cuts, according to reports in the New York Times. It said the tech giant had cut 10% of its current workforce, which it estimated at 2,000 people.<\/p>\n

This is the latest round of job losses at Twitter since chief executive Elon Musk sacked about 50% of its 7,500 employees when he took over in October. As staff learned of their fate, Mr Musk tweeted: \u201cHope you have a good Sunday. First day of the rest of your life. \u201d<\/p>\n

Esther Crawford, chief executive of Twitter Payments, who oversaw the Twitter Blue verification subscription model, said she was \u201cdeeply proud of my team\u201d in a tweet after being among those released.<\/p>\n

And senior product manager Martijn de Kuijper, who founded newsletter tool Revue which Twitter acquired in 2021, said he found out he had lost his job after being locked out of his work emails.<\/p>\n

It\u2019s been a while since my phone blew up on a Sunday because of news about Twitter \u2013 not because there hasn\u2019t been any, but because we\u2019ve all got used to it.<\/p>\n

More divisive user-experience changes to the platform, more provocative tweets from its owner Elon Musk. . . we are familiar with that drill. But nobody was expecting Esther Crawford, who had established herself as an influential figure in so-called Twitter 2.0, to be laid off.<\/p>\n

In November, she shared a picture of herself lying down inside a sleeping bag and wearing an eye mask on the floor at Twitter HQ. She has tirelessly cheerleaded the firm\u2019s path under Mr Musk.<\/p>\n

Some thought the product manager might even become the company\u2019s next chief executive. Mr Musk said weeks ago that he would stand aside in the role as soon as he found a replacement.<\/p>\n

It demonstrates once again this new brutal environment in which even the most loyal are unprotected. It will be familiar to many in the commercial sector and it\u2019s increasingly the way big tech is going as budgets start to bite.<\/p>\n

Esther herself tweeted that it was \u201ca mistake\u201d to think that her \u201coptimism and hard work\u201d had been a bad decision. \u201cI\u2019m deeply proud of the team for building through so much noise and chaos,\u201d she wrote.<\/p>\n

She probably wouldn\u2019t have called it \u201cnoise and chaos\u201d this time last week. Lay-offs across tech The Twitter cuts are the latest in a long line of lay-offs in the tech industry over the past few months.<\/p>\n

Amazon, Microsoft and Google-owned Alphabet announced tens of thousands of lay-offs between them, but the cuts across the industry are wide-reaching. At the end of January, more than 10,000 jobs were lost in eight days across six large tech companies including Spotify, Intel and IBM.<\/p>\n

The Twitter cuts come a month after Reuters reported the firm had made its first interest payment on a bank loan used by Mr Musk to finance the purchase.<\/p>\n

He paid $44bn (\u00a337bn) to take control, with $13bn \u2013 a third of the total amount \u2013 covered by loans from banks including Morgan Stanley and Barclays. These loans are leveraged against Twitter \u2013 in other words, the tech company itself is responsible for the loan repayments, not Mr Musk.<\/p>\n

Reuters reported Twitter paid about $300m to the banks in January. Meanwhile, there are further indications that the tech company is struggling with financing.<\/p>\n

It is being sued by the Crown Estate in the UK over alleged unpaid rent for its London headquarters, and faces a similar lawsuit in the US over unpaid rent at its San Francisco HQ.<\/p>\n

And a lawyer representing more than 100 former employees sacked by Twitter told the BBC in February the number of staff launching legal action against the company \u201cgoes up daily\u201d.<\/p>\n

Mr Musk told this month\u2019s World Government Summit in Dubai: \u201cI think I need to stabilise the organisation and just make sure it\u2019s in a financially healthy place.<\/p>\n

\u201cI\u2019m guessing probably towards the end of this year would be good timing to find someone else to run the company, because I think it should be in a stable position around the end of this year.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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