Twitter has laid off 80% of its employees since Musk bought the network, says CNBC

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A report on the site states that the platform now has less than 550 engineers working full time. One executive had already said that half of the employees had been cut since October. Elon Musk entered Twitter’s headquarters carrying a sink on his first day as Twitter’s owner, last October CNBC. Since Elon Musk bought the platform in October, the workforce has gone from 7,500 to 1,300, according to the publication, which says it has had access to internal documents. An executive had already said, in November, that half of the employees had been cut. Other dismissals followed and the measure also affected Brazil. ‘Broken heart’: Twitter employees react after layoffs In addition to the cuts, Musk also ended the home office policy installed by former chief executive Jack Dorsey, who left the role at the end of 2021, still amid the pandemic. According to CBNC, Twitter now has fewer than 550 full-time engineers. The area responsible for recommendations on the policy for using the platform now has just 20 employees. On the other hand, according to the website, Musk authorized 130 employees from his other companies to work for Twitter, including Tesla and aerospace company SpaceX. Even a blue bird was auctioned Last Tuesday (17), Twitter auctioned off several objects from its headquarters office in San Francisco, including chairs, electronics and even a blue bird lamp, Twitter’s symbol, which decorated the place. Bidding ended on Wednesday and the platform did not report how much it raised. Big Tech Crisis Layoffs in Big Tech: What’s Happening with Google, Microsoft, Meta and Amazon Besides Twitter, big techs have also been making layoffs. The list includes Google, Amazon, Meta and Microsoft, which together have cut more than 50,000 employees in the last 3 months. ‘Big techs’ lose almost US$ 4 trillion in market value in 1 year All have felt the impacts of rising inflation in the United States and the drop in consumption with the decline of the pandemic. Want to go deeper? Read more here and listen to the podcast: Elon Musk enters Twitter headquarters with a sink in his hands

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