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Twitter Inc. is planning widespread job cuts, to be announced as soon as this week, according to people familiar with the matter.
The company may cut about 8 percent of the workforce, or about 300 people, the same percentage it did last year when co-founder Jack Dorsey took over as chief executive officer, the people said. Planning for the cuts is still fluid and the number could change, they added. The people asked not to be identified talking about private company plans.
Yup, they're really pining for the fjords now.
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Twitter Planning Hundreds More Job Cuts as Soon as This Week
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(Score: 0) by Anonymous Coward on Wednesday October 26 2016, @04:14AM
Consider how much worse social media has gotten since the days of MySpace.
While I'm not a fan of Twitter, I would hope the constant devaluations would get everyone to pull their collective heads out of their ass instead of this slow motion dot.com crash that seems to be social media at large.
(Score: 2, Funny) by Sarasani on Wednesday October 26 2016, @04:29AM
Ah, lovely MySpace. That place where everyone proudly put up their own version of Homer Simpson's homepage [youtube.com].
Aside from wasting far too much time with some incredibly funny & insightful people on the MyOpera community (why on earth did they delete that?), I never really "got" the whole social media thing. It has mostly past me by and I never really considered that I missed much.
So Twitter can go the way of the dodo. As far as I'm concerned, they can take all their social media cohorts with them.
(Score: 2) by DeathMonkey on Wednesday October 26 2016, @05:40PM
I never really "got" the whole social media thing.
Yeah! Posting comments on the internet is stupid!!
(Score: 2) by Sarasani on Thursday October 27 2016, @01:25AM
Yes yes, I get the joke, but I don't think one could state that "social media" === "posting comments on the internet"? After all, online commentary had been around for nearly a decade before social media came on the scene.