Twitter Inc. will lay off 50 workers from its site production division in the coming weeks, which could reduce the company headcount to less than 2,000.
The announcement comes six weeks after CEO Elon Musk laid off half its workforce (roughly 3,700 employees) and reportedly told them there would be no further retrenchment. Since then, hundreds more have resigned.
Musk, who took over the social media platform Twitter last October, has been making multiple organizational changes since his leadership. These include the reported layoffs and adding Twitter Blue, a paid service that allows users to be verified in the social media platform via a blue check mark.
The CEO also mentioned last November that Twitter was facing “a massive drop in revenue,” with advertisers opting out of the platform.
According to a report by The Information, Twitter’s fourth-quarter revenue dropped 35% to $1.025 billion.