Twitter CEO announces plan to lay off hundreds of employees

The San Francisco-based micro-blogging website Twitter announced this morning that it will lay off hundreds of its employees.

The company’s CEO Jack Dorsey announced on his Twitter account that the company will part ways with 336 employees from across the company.

Twitter currently employs about 4,100 employees worldwide, according to the company’s website.

“We are moving forward with a restructuring of our workforce so we can put our company on a stronger path to grow,” Dorsey said in a statement. “Twitter will go to great lengths to take care of each individual by providing generous exit packages and help finding a new job.”

Dorsey said the decision to part ways with the employees was a tough one.

“This isn’t easy. But it is right. The world needs a strong Twitter and this is another step to get there,” he said.

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Two new contractors charged with bribery in Nuru scandal

Two construction executives are facing federal bribery charges for allegedly giving former… Continue reading

S.F. museums to reopen to the public

Visitor capacity limited to 25 percent as safety measure

Small businesses in limbo as end of eviction moratorium nears

Many commercial tenants ‘teetering on the edge,’ unable to pay rent

Despite long run of ‘Spare the Air’ days, free transit remains a rarity

In response to weeks of unhealthy air quality caused by smoke from… Continue reading

City hopes to convert Granada Hotel to supportive housing

State grant could allow purchase of 232-unit Lower Nob Hill SRO

Most Read