UPDATE: A state from Twitter India has clarified that The affected employees are less than 20 in overall numbers and they belong to the engineering center in Bangalore and this is very miniscule in percentage terms compared to the overall twitter headcount which is approx. 3500+ globally.

In 2015, Twitter acquired Bangalore, India-based ZipDial which resulted in the establishment of an engineering & development center in Bengaluru. Now, in a sudden development, Twitter has decided to shut down the Bengaluru development centre in India and as a result of this nearly 60 employees, which are part of ZipDial, will be laid off.

“Over the past 18 months, we have incorporated the technology and talent of our ZipDial acquisition across our company,” said a Twitter India spokesperson.

In last two years, Twitter’s stock price cut roughly in half — the micro-blogging platform is reportedly laying off half of its staff in Bangalore, including all of its engineers there. While Twitter declined to disclose the number of people affected few reports stated that only 20 staff will be laid off.

Twitter will however maintain offices in Bangalore, as well as Delhi and Mumbai.

STATEMENT FROM TWITTER SPOKESPERSON

Engineering is a key part of our global company and we continue to focus our programs and efforts on improving the core product experience for our users worldwide. As part of our normal business review, we have decided to stop the global engineering work at the Bangalore development center. We thank the impacted individuals for their valuable contributions and are doing as much as we can to provide them a respectful exit from our company.

Twitter remains committed to India as a strategic market for users, partners and advertisers. Today, India is one of our fastest growing markets worldwide and we continue to invest in key initiatives to further expand our audience, increase user engagement and drive revenue in this important market.

Globally, Twitter workforce consists of 3860 employees. However, the company did not reveal the total number of employees it had in India as of June 2016.

Earlier this week, a Twitter investor had also sued the company over claims that they had misled investors on key growth metrics, including user base and user engagement.

Read more at:
http://economictimes.indiatimes.com/articleshow/54415191.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[Top Image - tanuha2001 / Shutterstock.com]

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.