Over the weekend, Twitter Inc. laid off more than 90% of its staff in India, “severely depleting its engineering and product team in a prospective development area.”
The firing spree is a part of Elon Musk, the new ownerglobal ,’s cutbacks.
Due to the sensitivity of the matter, people with knowledge of the situation who spoke to Bloomberg on the condition of anonymity said that before the layoffs, Twitter’s India headquarters employed little over 200 people, leaving it with only a few dozen staff members. The offices are located in Mumbai, New Delhi, and Bengaluru.
India is a key growth engine for global internet companies like Twitter, Meta Platforms Inc., and Google, a branch of Alphabet Inc., due to its enormous potential pool of new online users.
“Increasingly severe regulations” designed to control the nation’s massive digital firms must be followed by the businesses.
The product and engineering teams in India that worked on a global mandate accounted for around 70% of the jobs that were cut, according to one of the individuals who talked with Bloomberg.
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