Elon Musk Shuts Down India Offices In Mumbai And Delhi

Twitter Inc.'s move to close two of its three locations in India and mandate remote work highlights Elon Musk's mission to cut costs and turn the struggling social media platform into a profit.

A media agency said that Twitter terminated more than 90% of its 200+ employees in Mumbai, one of the country's economic capitals, and in New Delhi, the nation's capital. According to the sources, who declined to be named because the information is private, the company still has a location in Bengaluru, a southern IT hotspot, where it mostly employs engineers.

Elon Musk fired employees everywhere to stabilize the company.

The billionaire CEO of Twitter, Elon Musk, has fired staff members and shut down offices throughout the world in an effort to stabilize the company's finances by late 2023. But, India is considered a crucial development region by US software behemoths like Meta Platforms Inc. and Google, which are making long-term investments in the world's fastest-growing internet market. Musk's most recent moves suggest that the market is not as important to him right now.

In India, Twitter has grown to be a prominent public platform.

With heated political arguments and Prime Minister Narendra Modi's 86.5 million followers, Twitter has grown to be one of India's most important public platforms in recent years. Musk's company doesn't generate much revenue there, though, and it also has to deal with strict content regulations and strong local competition.