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Twitter to lay off more than 330 employees as part of internal restructuring

By Shawn Knight
Oct 13, 2015
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  1. Jack Dorsey is wasting little time in his second stint at Twitter. After rejoining the microblogging site as CEO just last week, Dorsey has revealed that as many as 336 employees – roughly eight percent of the company’s global workforce – will soon lose their jobs as part of an internal restructuring plan.

    The announcement came in the form of a filing submitted to the Securities and Exchange Commission earlier today. Dorsey’s statement was also e-mailed to Twitter employees, Re/code notes.

    Dorsey said the goal of restructuring is to put the company on a stronger path to growth by focusing on the experiences that will have the greatest impact. One example is Moments, the breaking news feature launched last week.

    Twitter’s product and engineering divisions will be most affected by the restructuring. Dorsey said they believe engineering efforts will move much faster with a smaller and nimbler team. Despite slimming down, the engineering sector will still represent the biggest team within Twitter.

    The executive added that they will go to great lengths to take care of each outgoing employee by providing generous severance packages and helping them to find a new job.

    Dorsey returned to Twitter as interim CEO following the voluntary departure of **** Costolo on July 1. Some questioned whether or not Dorsey, who also serves as CEO of mobile payments provider Square, would be able to effectively handle leadership duties at both companies. So far, that doesn’t seem to be an issue.

    Permalink to story.

     
  2. NightAngel79

    NightAngel79 TS Booster Posts: 166   +41

    Was the 'you're fired' statement 140 characters or less?
     
    Last edited: Oct 14, 2015
    Hexic and Skidmarksdeluxe like this.
  3. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,476   +2,034

    It's less. They would've used "Hit The Road Jack" but they could run into problems with the RIAA and it's pushing the boundaries of the character limit.
     
    davislane1 and Hexic like this.
  4. Hexic

    Hexic TS Addict Posts: 283   +132

    Now I have that song stuck in my head. Damn you, hah.
     
    Skidmarksdeluxe likes this.
  5. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,476   +2,034

    What you say? Don't blame me for that, blame Ray Charles. :D
     
  6. EClyde

    EClyde TS Guru Posts: 706   +180

    Who really cares? There is all sorts of government aid.
     
  7. p51d007

    p51d007 TS Evangelist Posts: 908   +384

    I wish twitter would just disappear. People tweet lies all the time, but, by the time it is vetted, proven to be a lie, the ***** people that believe anything they read on the internet is true.... ie: the ***** shot by police in Ferguson Mo. and on and on and on.
     
  8. Hexic

    Hexic TS Addict Posts: 283   +132

    Meh... that's a can of worms is best left to the politico blogs. Facts are facts. End of story.
     
  9. davislane1

    davislane1 TS Evangelist Posts: 3,541   +2,337

    That's 98% of the internet. Including "legitimate" news organizations.
     

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