Elon Musk's X Undergoes New Round of Layoffs in Engineering

The latest job cuts at X come amid ongoing challenges and a significant drop in the platform's valuation.

The exact number of layoffs at X remains undisclosed, but the engineering department is reportedly the most affected.
Employees had previously been asked to submit summaries of their contributions, though it's unclear if this influenced the layoffs.
X, formerly Twitter, has seen its valuation plummet below $10 billion, far less than the $44 billion Musk paid in 2022.
Fidelity, a key backer in Musk's acquisition of X, recently reassessed the platform's value significantly lower.
These layoffs follow a history of substantial staff reductions under Musk's ownership, including major cuts earlier this year.