After disclosing that the company is seeing a “huge decline in income,” Elon Musk reportedly let go at least 200 employees at Twitter.

The New York Times (NYT) reported late on Sunday that the job losses over the weekend represent about 10% of Twitter Inc.’s personnel and are the most recent round of layoffs since Elon Musk assumed control of the social media platform in October.

According to the NYT investigation, which relied on people with knowledge of the situation, those fired on Saturday night included product managers, data scientists, and engineers.

A request for comment from news organization Reuters was not immediately answered by Twitter.

Mr Musk last month said the company has a headcount of about 2,300 active employees.

The latest round of cuts comes after mass layoffs in early November, which saw Twitter let go around 3,700 employees in a cost-cutting measure by Mr Musk, who had acquired the company for $44 billion.

Tesla and SpaceX CEO Mr Musk said in November that the service was experiencing a “massive drop in revenue” as advertisers pulled spending amid concerns about content moderation.

Twitter recently started sharing revenue from advertisements with some of its content creators.