According to people with knowledge of the situation, Twitter closed its offices in the financial hub of Mumbai and the political capital of New Delhi after terminating more than 90% of its 200+ employees in India.
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In an effort to stabilise Twitter’s finances by late 2023, billionaire Chief Executive Officer Elon Musk has fired employees and closed offices across the globe. Â According to Musk’s most recent actions, the market is less important to him right now.
In recent years, Twitter has developed into one of India’s most significant public forums, hosting acrimonious political debates and the 86.5 million followers of Prime Minister Narendra Modi. However, Musk’s company doesn’t make much money there, and it also has to deal with stringent content laws and a cutthroat local competition.
Since Musk’s acquisition
there has been a mass exodus of employees, many of whom were fired, raising questions about Twitter’s ability to continue operating and control content. This week, Musk stated that it might take him until the end of the year to stabilise the business and ensure its financial soundness.
Musk has also publicly discussed going bankrupt, citing a “massive drop” in revenue as a result of advertisers leaving because of uncertainty about Twitter’s capacity to weed out objectionable content. Significant bugs and outrages have also occurred on the platform, most recently just this month.
