San Francisco, October 13
Twitter is laying off 336 employees, signaling CEO Jack Dorsey's resolve to slash costs while the company struggles to make money.
The cutbacks announced on Tuesday translate into about 8 per cent of Twitter's workforce of 4,100 people.
The purge comes two weeks after Twitter brought back one of its co-founders as permanent CEO in hopes that Dorsey would be able to resolve problems that have slowed the messaging service's user growth and compounded an uninterrupted cycle of financial losses.
Cutting costs can boost profits, but at Twitter, it has also raised uncertainty about the future and the company's desire for aggressive growth and the larger audience it has sought for so long. — AP
Most Read In 24 Hours
Don't Miss
View All
Top News
Lok Sabha election kicks off on Friday, voting for 102 seats in 1st of the 7 phases
While NDA under PM Modi is seeking stronger majority, opposi...
Kerala woman cadet, part of 17-member Indian crew, on board ship seized by Iran returns home
India's mission in Tehran is in touch with 16 other crew mem...
‘Everything can’t be suspected,’ says Supreme Court; reserves verdict on 100% cross-verification of EVM votes with VVPAT
'This is an electoral process and there needs to be sanctity...
Nestle adds sugar to baby food sold in India but not in Europe: Study
Such products are sugar-free in the United Kingdom, Germany,...
Kejriwal eating food high in sugar despite Type 2 diabetes to make grounds for bail, ED tells court
Kejriwal has moved the court seeking permission to consult h...
