Twitter said on Tuesday that the company “significantly slowed hiring” in the second quarter.
The company imposed a hiring freeze in May amid several executive departuresThe company disclosed the hiring slowdown in its Q2 quarterly earningswith the Securities and Exchange Commission that cited a need to manage its cost structure"in light of the current macroeconomic environment."
"We significantly slowed hiring in the second quarter of 2022 and are being more selective about the roles that we are filling, and we have simultaneously seen our attrition rate increase," the company said."We have also reduced non-labor spend in areas such as travel and marketing."
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