Twitter Inc. has shut two of its three India offices and told its staff to work from home, underscoring Elon Musk\u2019s mission to slash costs and get the struggling social media service in the black.
\nTwitter, which fired more than 90% of its roughly 200-plus staff in India late last year, closed its offices in the political center New Delhi and financial hub of Mumbai, people aware of the matter said. The company continues to operate an office in the southern tech hub of Bengaluru that mostly houses engineers, the people said, declining to be identified as the information is private.<\/p>\n
Billionaire Chief Executive Officer Musk has fired staff and shut offices around the world as part of an effort to get Twitter financially stable by late 2023. Yet India is regarded as a key growth market for US tech giants from Meta Platforms Inc. to Alphabet Inc.\u2019s Google, which are making long-term bets on the world\u2019s fastest-growing internet arena. Musk\u2019s latest moves suggests he\u2019s attaching less importance to the market for now.<\/p>\n
Twitter has evolved in past years into one of India\u2019s most important public forums, home to heated political discourse and Prime Minister Narendra Modi\u2019s 86.5 million followers. Yet revenue there isn\u2019t significant for Musk\u2019s company, which also has to contend with strict content regulations and increasingly savvy local competition.<\/p>\n
Twitter did not immediately respond to a request for comment.<\/p>\n
An exodus of workers \u2014 many of whom were fired \u2014 since Musk\u2019s acquisition has raised concerns about whether Twitter can sustain its operations and regulate content. Musk this week said he may need till the end of the year to stabilize the company and make sure it\u2019s financially healthy.<\/p>\n
Since the $44 billion buyout, Twitter has failed to pay millions of dollars in rent for its San Francisco headquarters and London offices, been sued by multiple contractors over unpaid services, and auctioned off everything from bird statues to espresso machines to raise money.<\/p>\n
Musk has also openly floated the idea of bankruptcy, and cited a \u201cmassive drop\u201d in revenue as advertisers fled over concerns about Twitter\u2019s ability to weed out undesirable content. The platform has also experienced significant glitches and outrages, most recently just this month.<\/p>\n","protected":false},"excerpt":{"rendered":"
Twitter Inc. has shut two of its three India offices and told its staff to work from home, underscoring Elon Musk\u2019s mission to slash costs and get the struggling social media service in the black. Twitter, which fired more than 90% of its roughly 200-plus staff in India late last year, closed its offices in the political center New Delhi and financial hub of Mumbai, people aware of the matter said. The company continues to operate an office in the southern tech hub of Bengaluru that mostly houses engineers, the people said, declining to be identified as the information is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-799949","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799949"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799949\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}