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Twitter ‘poised for layoffs’ as Musk ‘directs engineers for Vine reboot’

Twitter ‘poised for layoffs’ as Musk ‘directs engineers for Vine reboot’
In brief

Twitter is planning to let go of a quarter of its workforce—around 2,000 employees—in a “first round” of layoffs, according to a report by The Washington Post.

The expected layoffs come as Musk seeks to increase Twitter’s profitability after massively overpaying for the platform; the new “chief twit” is also reportedly toying with the idea of charging $20/month for verification, to the dismay of some users.

Separately, Musk has reportedly ordered engineers at Twitter to revive Vine, the short-form video platform acquired by Twitter in 2012 and axed in 2016.

Musk hopes the rebooted platform could compete with Chinese-owned TikTok.

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