Twitter will have big layoffs next week
Thomson Reuters
The struggling Internet company is expected to cut staff across virtually all departments, Recode reports, though it said the exact number of layoffs was not clear.
The layoffs would come just about a week after Twitter cofounder Jack Dorsey was appointed permanent CEO promising big changes for the company.
Twitter had 4,100 employees at the end of June. Twitter's engineering ranks, which make up roughly half the company's staff according to Recode, will likely be impacted.
Dorsey, who has served as interim CEO since June, has been vocal about the need to shake things up at the company, as user growth and engagement has stalled. During the second quarter conference call in June, Dorsey called the performance "unacceptable," and said he would "ensure more disciplined execution," among other things.
A Twitter spokesperson declined to comment.
Developing...
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status