Twitter is bracing itself for a new round of layoffs. According to a report by an insider. There will be 50 people on the company’s product organization team who will be given the pink slip, two people familiar with the situation said.
The development comes after Twitter CEO and business mogul Elon Musk revealed back in November that he had been fired. The new move could reportedly reduce Twitter’s workforce by as many as 2,000.
When Musk took over Twitter back in late October last year, he cut the company’s headcount in half in a move to streamline operations and make the firm more profitable. Hundreds of employees subsequently resigned after Musk told them to either commit to “extremely strict” Twitter or leave.
Twitter has yet to comment on the matter.
Annual Blue Subscription Plan
In other news, Twitter is a microblogging platform. Now offering annual plans for its Twitter Blue subscription service., which allows users to earn their blue verified checkmark and access certain capabilities, such as tweet editing and other experimental features. Twitter users can now subscribe to Blue for $84 per year instead of paying $8 per month (or $11 if they’re on Apple devices). This will save customers up to $48 over the monthly payment.
The annual subscription plan is available to those living in the United States, United Kingdom, Canada, Australia, New Zealand, and Japan. Twitter says it currently plans to make the plan available in more countries.