Twitter CEO Elon Musk has reportedly begun laying off 200 of the social media giant’s remaining 2,000 employees in yet another round of job cuts, while software company Palantir slashes 2% of its staff and online therapy company Cerebral is cutting 15%—the latest major companies to reduce their headcounts as employers fear the economy could enter a recession. February 27Twitter started laying off 10% of the company’s workforce Saturday night, sources familiar with the matter told the New York Times, just weeks after Musk pledged to “stabilize the organization” following several rounds of layoffs last fall that cut the company’s staff of roughly 7,500 by more than half. February 27Cerebral confirmed the mental-health startup will cut 15% of its workforce (roughly 285 employees) in a statement to Forbes, saying the layoffs are part of a reorganization plan—the company’s third round of layoffs since last summer, including one round in June that affected 350 employees. February 27Denver-based software company Palantir Technologies will cut just under 2% of its workforce, even as the company reported a $31 million profit in the last fiscal quarter—affecting as many as 76 of the company’s 3,838 employees, according to PitchBook (Palantir did not immediately respond to
Read More
2023 Layoff Tracker: Twitter, Cerebral And Palantir Cutting Staff – Forbes
