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.

Just Posted

New Chinatown station to be named for Rose Pak, but opponents vow to keep fighting

Debate over power broker’s legacy exposes deep rifts in Chinese community

City shutting down long-term mental health beds to expand hospital Navigation Center

The City is preparing to close dozens of permanent, residential treatment beds… Continue reading

Free speech group sues city over raids on journalist

Free speech advocates filed a lawsuit Tuesday seeking to force the San… Continue reading

Two rescued after plane crash near Half Moon Bay

Two people escaped injury Tuesday evening in a plane crash into the… Continue reading

Judge decides to hold Embarcadero attack suspect in jail

Facing new charges, man at center of controversy will not be released ahead of trial

Most Read