Twitter Payments chief is out as layoffs cut 10% of Twitter staff, report says
More engineers, product managers, and data scientists are out at Twitter, as another round of layoffs has slashed 10 percent of the remaining staff, The New York Times reported. Multiple sources familiar with the matter told the Times that 200 employees were affected.
On Saturday night—just as it happened during Twitter’s November layoffs—some employees discovered they were about to lose their jobs when they were abruptly logged out of corporate email accounts and laptops. Now there are fewer than 2,000 employees left, it’s estimated.
Among those impacted is Esther Crawford, who enthusiastically embraced Twitter CEO Elon Musk's vision of Twitter 2.0 and proved to be so hardcore that she became the chief executive of Twitter Payments, Financial Times reported. In November, Musk told staff there were no plans for more layoffs and pointed to Twitter Payments—a product that would support peer-to-peer payments and e-commerce on the platform—as the product that would save Twitter from going broke. Now, the Twitter Payments team has dropped from a staff of 30 to fewer than eight, the Times reported, making it unclear if the product is still a top priority as Twitter's money struggles drag on.
