Wednesday, 14 October 2015

Twitter to Layoff Workers

Twitter announced on Tuesday that it was cutting 336 jobs, about 8 percent of the company's workforce of 4,100 people.

"The restructuring is part of an overall plan to organize around the company's top product priorities and drive efficiencies throughout the company," Twitter said in a regulatory filing, adding that it "intends to reinvest savings in its most important priorities to drive growth."

The move came two weeks after the San Francisco-based firm brought back one of its co-founders, Jack Dorsey, as permanent CEO in hopes that he would be able to resolve the messaging platform's problems.