Elon Musk's Twitter Lays Off 50 Employees: Cost Cuts Continue

Elon Musk's Twitter Inc. conducted another round of job cuts on Saturday, resulting in the layoffs of at least 50 employees, according to The Information. This marks at least the eighth round of job cuts since Musk took over the social network in late October. The social media giant has reportedly fired employees from engineering teams, main Twitter headquarters, technical infrastructure, advertising support, and more.

Why is Twitter laying off employees? Sources cite cost cuts as the primary driver behind these recent actions. Twitter is planning further job cuts and is set to lay off 50 employees in its product division, according to a report. New layoffs would reportedly reduce the company's headcount even further.

(Reuters) - Elon Musk's Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October. Elon Musk's \ufeffTwitter\ufeff laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October. The repeated rounds of layoffs underscore the ongoing efforts to streamline operations and reduce expenses under Musk's leadership.

The impact of these continuing layoffs on Twitter's long-term strategy and its ability to maintain its services remains to be seen. Stay tuned for further updates on this developing story.