Twitter 2.0: Drastic discount in headcount
The report says that earlier than Musk purchased Twitter, the entire headcount was 7,500. Twitter now has lower than 550 engineers working for it. Twitter’s belief and security group — chargeable for retaining customers ‘safe’ — now has lower than 20 full-time workers working.
Curiously, the report mentions that inside data counsel that Twitter nonetheless has 1,400 ‘non-working’ workers. These are workers who proceed to be paid by Twitter however don’t execute their tasks. The report suggests many of those non-working workers are those that resigned when Musk requested them to signal a pledge, which concerned “extreme hardcore” work and lengthy working hours on the firm.
Musk additionally received nearly 130 workers from Tesla and SpaceX — his different two firms — to work at Twitter.
Twitter’s income troubles
In line with a report by The Info, Twitter’s every day income on January 17 was 40% decrease than the identical day a 12 months in the past. It was additionally reported that greater than 500 of Twitter’s high advertisers have put a halt on spending on Twitter since Musk’s takeover.
Nevertheless, as per Musk, it’s not all doom and gloom. A report by Axios revealed that Twitter has secured content material sponsorship offers with greater than three dozen information retailers, media firms and sports activities leagues within the first half of this 12 months.
Nonetheless, the discount within the headcount is prone to have an effect on the social media platform, in keeping with an engineer who not too long ago left the corporate. The CNBC report mentions that the engineer stated “the company’s code base is massive, and it requires knowledge of different platforms and programming languages to maintain different parts of Twitter.” With fewer workers, it could be an uphill battle to take care of Twitter reliably, stated the previous engineer.