Date
21 July 2017
Twitter’s co-founder Jack Dorsey, who began his second stint as the firm's CEO, is seeking to streamline operations and boost growth. Photo: Reuters
Twitter’s co-founder Jack Dorsey, who began his second stint as the firm's CEO, is seeking to streamline operations and boost growth. Photo: Reuters

Twitter to cut workforce by 8% in bid to become ‘nimbler’

Twitter Inc. unveiled plans to lay off up to 336 employees, or about 8 percent of its workforce, describing the move as part of efforts to streamline the company’s operations.

The job cuts will primarily come from the firm’s engineering and product divisions, according to an announcement Tuesday.

“We feel strongly that engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce,” co-founder Jack Dorsey said in a letter to employees.

“And the rest of the organization will be streamlined in parallel,” he said in the letter, according to Reuters.

The announcement came a week after Dorsey took over as permanent CEO, beginning his second stint as the head of the company.  

Twitter had about 4,100 employees globally as of end-June. 

The micro-blogging service is seeking to revive growth in its user base, which has expanded at its slowest pace in two years in the second quarter this year.

The company is struggling to get past 350 million active monthly users.

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