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.

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