iPhone | iPad
Android
Huawei
Where were the Federal Reserve Board supervisors in San Francisco and Washington as these large regional banks loaded up on risky and highly volatile tech, crypto, and other assets?
KT APPDOWNLOAD
Twitter shuts down 2 offices in India: Report
The social media company purportedly fired 90 per cent of its staff in the South Asian country last year
Reuters file photo
Twitter Inc has closed two of its three offices in India, Bloomberg News reported on Friday, citing people familiar with the matter.
The social media company shut down offices in New Delhi and Mumbai but continues to operate its office in the southern tech hub of Bengaluru that mostly houses engineers, the report added.
Twitter, under new owner Elon Musk, fired more than 90 per cent of just over 200 of its staff in India last year, Bloomberg had reported.
Last month, the company ordered at least a dozen more job cuts in Dublin and Singapore offices as part of wider cost-cutting measures at Twitter that saw layoffs of about 3,700 employees in early November.
Twitter did not immediately respond to Reuters' request for comment.
ALSO READ:
More news from Business
Hedge funds managers and other large investors believe it is far too soon to call an all-clear
Surprise twist as Additional Tier 1 debt holders wiped out; approach roils wider bank bond and stock markets
At least two major banks in Europe are examining scenarios of contagion
Market expected to grow by 12.58% on annual basis to reach $116.8 billion in 2023.
Dubai’s Higher Committee for Future Technology Development and Digital Economy discusses accelerated implementation of strategic plans
Bank stocks worldwide have been badly hit in recent days
Group has asked vendors and suppliers to ‘suspend all activities’