Twitter shuts 2 of 3 offices in India: Report
Twitter has shuttered two of its three offices in India, reports quoting sources familiar with the matter, said on Friday.
As per a report by Bloomberg News, the billionaire Elon Musk-owned social media giant has closed down its offices in Mumbai and Indian capital New Delhi and now only continues to operate is office in the southern tech hub of Bengaluru that mostly houses engineers.
Las year, Twitter, under the leadership of its new owner, Elon Musk, sacked more than 90 percent of its staff in India, over 200 people, the report said.
In November last year, Musk had said that Twitter was facing ‘a massive drop in revenue’ as advertisers dropped out.
According to a report by the Information, quoting a top ad executive, Twitter’s revenue for the fourth quarter fell about 35 percent to $1.025 billion (roughly Rs. 8,484 crore). Last month, the micro-blogging site had ordered at least a dozen more job cuts in its Dublin and Singapore offices as part of wider cost-cutting measures at Twitter that saw layoffs of about 3,700 employees in early November.
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Staff cuts so far, which also included employees working in the content moderation division, have stoked fears of a surge in unfiltered content making it past Twitter’s filters and onto the platform
Twitter was also hit by class action lawsuits in the US, but a federal judge last month said several of the class action plaintiffs were required to arbitrate their claims. Others did not sign arbitration agreements, so the case has remained in court.
The workers, according to the lawsuit, claim Twitter refused to pay promised severance or give them the advance notice of mass layoffs required by law. Twitter has denied the allegations.
Comments from Twitter executives were not available at the moment of fling of this report.
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