Twitter now has about 1,500 employees, which is an 81% drop from last October when Elon Musk took over the company. Elon Musk has said that Twitter will break even this quarter.
Twitter Lay-Offs
There were employees set to be laid off before Elon Musk took over at Twitter, but it seems that he accelerated this by cutting from areas of the company in order to save costs as Twitter was bleeding cash and on a path to bankruptcy.
If you look at 6,300 employees that cost around $150,000 per year, that is $945 million per year and that doesn't count any additional perks such as food, travel, health, and more.
Elon Musk and Twitter
In my opinion, Elon Musk should have tried to work with the employees he had, but he probably didn't see a way he could do that in the short time there was before Twitter went bankrupt.
Some call this good business management because Twitter was failing in the time before Elon Musk took over and regardless of its scale and size, the business should be treated with care and discipline. It was tough love for those who weren't running the business correctly.
Future of Twitter
If it is indeed true that Twitter is headed to breakeven and that most advertisers are back, according to Elon Musk, then the future looks bright for Twitter, and they may start to slowly higher for roles within the company again.
Elon Musk is reported to be leading an AI project to rival ChatGPT and has purchased 10,000 GPU clusters to do so. It will be interesting to see how this project goes.
What do you think of Twitter and its reduction of employees, along with its new AI project?
Online writer since 2008. I enjoy writing and have written nearly a thousand tech related articles about electric vehicles, software, tech companies, hardware, gaming, tech related products, and company developments in tech.
