The new CEO of Twitter, Elon Musk, has announced that the company will close two of its three offices in India. This follows the firing of almost 90% of Twitter employees in India by the CEO just one year ago. Additionally, this layoff was a component of Elon Musk’s strategy to reduce Twitter’s operating expenses and restore the company’s profitability.
India’s financial and political capital, Mumbai, were the locations of the two offices that were closing. The third office, which is still in operation and is in Bengaluru to the south, mostly employs engineers.
Despite the fact that the offices in Mumbai and Delhi have continued to operate up until this point, it was anticipated that they would close a long time ago. This is due to the fact that approximately 90% of Twitter’s employees who worked in the Indian offices were laid off last year.
It is now requested that employees who were employed in the offices in New Delhi and Mumbai continue to work from home.
India isn’t the only country affected by staff layoffs at Twitter that started toward the end of last year, when billionaire Elon Musk bought the social media company.
Since acquiring the business, Musk has been pursuing a mission to reduce expenses and boost profits. The CEO has made a lot of other changes to keep profits in the company, including firing employees, introducing a paid blue tick, and even lifting restrictions on political advertising on the platform.