Twitter Planning Hundreds More Job Cuts as Soon as This Week
- Company may announce around third-quarter earnings report
- Twitter said to plan cut of about 8 percent of workforce
Twitter's Plan to Go It Alone for the Time Being
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Twitter Inc., having failed to sell itself, is planning to fire about 8 percent of its workforce as the struggling social-media company prepares to go it alone for the time being.
Twitter may eliminate about 300 people, the same percentage it did last year when co-founder Jack Dorsey took over as chief executive officer, according to people familiar with the matter. 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.