Twitter Lays Off Part of Its Recruitment Team

Updated · Jul 12, 2022

Techjury is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more.

Last week, the social media giant reported that it would lay off 30% of its talent acquisition team.

Revised Business Needs

Twitter announced it would cut 30% of its recruitment team. This is less than 100 people.

It also announced that it would pause the hiring process. Only the “business-critical” positions remain open. In addition, the platform will cut back on non-labor costs.

A company’s spokesperson quoted “revised business needs” as the reason. Twitter’s stock shares fell roughly 4% last Friday. The social media giant has been having issues on that front since the beginning of the year. Investors even blamed Elon Musk for stock manipulation.

Another One in a Long One

Tech companies have been having difficulties due to the downturn of the stock market and the crypto crash.

Recently, BlockFi and Crypto.com announced massive staff layoffs. Coinbase also cut 1,100 jobs.

Sources.

CNN

Teodora Dobrilova

Teodora devoted her whole life to words – reading, writing and trying to be original on social media. She got certified in digital marketing but still feels she’s not cool enough to be an influencer. (We all disagree – she influences the team pretty well.) She finished a master’s degree focused in Literature, Publishing, Mass Media. Her hobbies include traveling, and reading. Teddy hopes that yoga will be the thing to finally teach her some patience and show her the path toward world domination. Maybe modern tech can also help her with that.

Latest from Author

Leave your comment

Your email address will not be published.