Elon Musk's Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October, the Information reported.
The job cuts impacted multiple engineering teams, including those supporting advertising technology, the main Twitter app as well as technical infrastructure to keep Twitter's systems up and running, the report in the U.S. technology focused publication said early on Sunday, citing people with direct knowledge of the matter.
Twitter did not immediately respond to Reuters request for a comment.
In early November, Twitter laid off about 3,700 employees in a cost-cutting measure by Musk, who acquired the company for $44 billion.
The Information reported that the latest job cuts aim to offset a plunge in revenue following Musk's takeover and further whittle down a staff that had shrunk by at least 70 per cent to roughly 2,000.
Musk in November said that the service was experiencing a "massive drop in revenue" as advertisers pulled spending amid concerns about content moderation.
US-based investment bank Morgan Stanley has acquired regulatory approval to move its regional headquarters to Riyadh as the Kingdom increasingly attracts global companies.
The Environment Agency – Abu Dhabi, (EAD) has announced that Abu Dhabi will be the first in the Middle East and North Africa (MENA) region to implement the Enhanced Transparency Framework (ETF) on a subnational level, following last year’s national level launch by the Ministry of Climate Change and Environment (MOCCAE).
The COP29 Presidency announced on Saturday the end of the decade-long wait for the conclusion of negotiations on high integrity carbon markets under Article 6 of the Paris Agreement.
A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.
The Emirates Red Crescent (ERC) has launched its winter aid campaign, aiming to support 250,000 people worldwide, especially in countries hosting refugees.