According to a report from CNBC on Friday, Twitter now has less than 550 full-time engineers by title and approximately 1,300 active, working personnel overall.
According to internal data cited by CNBC, roughly 75 of the company’s 1,300 employees, including about 40 engineers, are on leave.
“The message is in error. At Twitter, there are roughly 2300 active workers “Musk, a multibillionaire, tweeted in reaction to a tweet that quoted CNBC.
Along with thousands of contractors, there are still hundreds of workers working on trust and safety, Musk continued.
Musk quickly implemented a number of organisational and product changes after taking over Twitter in October. In addition to laying off nearly 50% of its workforce, the company launched a premium service called Twitter-verified Blue check-mark.
Twitter in 2022’s final months
According to estimates provided for Reuters by research firm Pathmatics, top Twitter advertisers cut their spending following Elon Musk’s acquisition, the latest jolt to the company’s primary revenue source.
According to Pathmatics estimates, 14 of the top 30 Twitter advertisers suspended all advertising on the service when Musk assumed leadership on October 27. From the week before Musk’s acquisition to the end of the year, four advertisers cut their spending by between 92% and 98.7%.
Despite an increase in expenditure by six of the top 30, overall advertising spending by the top 30 businesses plummeted by 42% to an estimated $53.8 million for November and December combined, according to Pathmatics.
The previously unreported numbers for Twitter advertising are estimations, according to Pathmatics. The company bases its projections on technology that monitor ads on desktop browsers, the Twitter app, and those that simulate user interaction.
However, the corporation claimed that those estimations did not take into consideration any potential Twitter transactions or promoted trends and accounts. If Twitter is providing incentives, “it is feasible the spending statistics could be greater for some businesses,” Pathmatics wrote in an email.