Twitter to lay off 336 employees worldwide
Twitter has announced that it will cut a total of 336 jobs. That means a reduction in the workforce of about 8 percent. The decision will be made shortly after the appointment of the new CEO.
In a report sent to the US Securities and Exchange Commission, Twitter CEO Jack Dorsey announced plans to lay off 336 people. The jobs will disappear worldwide, but more details have not yet been disclosed. It is part of a restructuring within Twitter due to disappointing business results.
According to Twitter CEO Jack Dorsey, the cut in the workforce should ensure that the remaining employees focus more on certain parts of the social networking site. Dorsey states that priorities have been set, but does not disclose what they are. The reorganization must also ensure that work is done more efficiently.
It was rumored that layoffs were imminent at Twitter. That decision would have been made by Dorsey himself, shortly after taking office. Dorsey is also one of the founders of Twitter and has therefore been involved with the company for a long time.