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Twitter Planning Hundreds More Job Cuts as Soon as This Week

posted by janrinok on Wednesday October 26 2016, @02:51AM   Printer-friendly
from the not-yet-tweeted dept.

MrPlow writes:

Submitted via IRC for TheMightyBuzzard

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.

Source: https://www.bloomberg.com/news/articles/2016-10-25/twitter-said-to-plan-hundreds-more-job-cuts-as-soon-as-this-week

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  • (Score: 2) by DeathMonkey on Wednesday October 26 2016, @05:40PM

    by DeathMonkey (1380) on Wednesday October 26 2016, @05:40PM (#419069) Journal

    I never really "got" the whole social media thing.
     
    Yeah! Posting comments on the internet is stupid!!

    Starting Score:    1  point
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  • (Score: 2) by Sarasani on Thursday October 27 2016, @01:25AM

    by Sarasani (3283) on Thursday October 27 2016, @01:25AM (#419234)

    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.