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| Economy |
| Twitter to lay off 8 percent of workers |
| 2015-10-14 |
| [AA.TR] Twitter announced Tuesday that it would lay off roughly 8 percent of its workforce -- a week after Jack Dorsey became the microblogging platform's new permanent CEO. The layoffs will mostly affect employees working in the company's engineering and product divisions, the company noted. As many as 336 employees will be dropped of an estimated total of 4,100 global workers. The layoffs are part of a larger strategy of reviving user growth and expanding into new markets. Wall Street responded positively, with shares of the company jumping 6 percent during Tuesday morning trading. This increase is rare good stock news for Twitter which has seen its stock battered this year as its user base remained stagnant and it searched for a CEO. |
| Posted by:Fred |
| #5 The layoffs will mostly affect employees working in the company's engineering and product divisions, the company noted. As many as 336 employees will be dropped of an estimated total of 4,100 global workers. No biggie, they'll all get jobs with Comrade Bernie and Hillary!s campaigns. Or a job with Eric Schmidt's new political startup. Eff 'em. |
| Posted by: charger 2015-10-14 20:40 |
| #4 Don't need as many 'limit checkers' as they're upping the 140 character restriction |
| Posted by: Mullah Richard 2015-10-14 13:01 |
| #3 Hashtag groomers? 141 character limit checkers? |
| Posted by: AlmostAnonymous5839 2015-10-14 10:54 |
| #2 WTF do they need with 4000! staff?!? |
| Posted by: Bright Pebbles 2015-10-14 10:06 |
| #1 So did they fire them with twits? |
| Posted by: 3dc 2015-10-14 06:32 |