Twitter Lays off at Least 200 Employees Amid Tech Job Cuts
It's been a tough few months for tech giants in the United States. In the latest round of job cuts, Twitter has laid off at least 200 employees, or 10 percent of its workforce, according to The New York Times. This comes as tech companies like Google, Microsoft, and Apple have also recently announced layoffs.
The layoffs at Twitter will affect around 8 percent of the company's global workforce, according to a memo from Chief Executive Officer Jack Dorsey, cited by The New York Times. It's the second round of layoffs for Twitter in the past year. In October of 2019, Twitter laid off some 350 employees worldwide. Twitter has roughly 3,900 employees according to its most recent earnings report.
The layoffs are due to a restructuring of the company's operations and are intended to help Twitter become more efficient, according to the memo. While Twitter said it will cancel "a number of initiatives" in order to become more focused and agile, it also made clear that it will remain profitable.
The company will also be putting more emphasis on its core product, the microblogging platform, and redirecting resources away from other areas and “non-core” products. Twitter is also experimenting with new features such as voice tweets and making its service available for free for a certain number of users.
However, Twitter isn't the only tech giant making cuts. Companies such as Microsoft, Google, and Apple have recently announced layoffs and restructuring of their own. Microsoft announced in January that it would shed thousands of jobs, and Google has announced plans to cut 4,000 jobs from its staff. Similarly, Apple said in January that it would be reducing its retail workforce.
The reasons for these job cuts vary. In the case of Twitter, the layoffs are said to be a result of the company's restructuring, while Microsoft and Google are reportedly trimming their staff to become more cost-efficient. Apple, on the other hand, is looking to reduce its retail footprint amid the decline of physical stores and the shift to online shopping.
The job cuts come amid an uncertain economic climate in the US due to the coronavirus pandemic. As companies struggle to make profits, job cuts are becoming more prevalent. This is especially true in the tech sector, where companies are looking to reduce expenses by reducing their workforce.
The job cuts at Twitter, Microsoft, Google, and Apple are a reminder of the often uncertain future of employment in the tech sector. Despite the challenges that come with job cuts, companies are hoping that by becoming leaner and more efficient, they can weather the current economic storm.
https://www.lifetechnology.com/blogs/life-technology-technology-news/twitter-cuts-200-more-jobs-new-york-times
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