Twitter CEO Confirms Layoffs In Tweet - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Mobile // Mobile Applications
News
10/13/2015
06:05 PM
Connect Directly
Twitter
RSS
E-Mail

Twitter CEO Confirms Layoffs In Tweet

Twitter will lay off 8% of its workforce. With most of the cuts coming in the product and engineering team, the move raises questions about the company's plans and direction.

(Image: matspersson0/iStockphoto)

(Image: matspersson0/iStockphoto)

Comment  | 
Print  | 
Comments
Newest First  |  Oldest First  |  Threaded View
Gigi3
100%
0%
Gigi3,
User Rank: Ninja
10/14/2015 | 5:58:50 AM
Growth curve
"Twitter has been under new pressure since its IPO two years ago, as investors and analysts have scrutinized its user numbers and expressed disappointment that they haven't grown faster. The company reported 316 million monthly active users in the quarter ended June 30, up from 276 monthly active users in the quarter ended June 30, 2014."

Jessica, I feel that growth rate is steady when compare with previous years.  We cannot expect the growth rate in a steady manner after a certain point. In revenue generation too the same can happen. The best way for a better growth is diversification either in business or service.
Gigi3
100%
0%
Gigi3,
User Rank: Ninja
10/14/2015 | 5:54:58 AM
Twitter is layoffing 5000 employees
"Twitter will lay off 8% of its workforce. With most of the cuts coming in the product and engineering team, the move raises questions about the company's plans and direction"

Jessica, you are right. Today in media they have announced that, they are going to layoff around 5000 employees. But not specified whether it's a region wise or global layoff. 
Commentary
Learning: It's a Give and Take Thing
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  1/24/2020
Slideshows
IT Careers: Top 10 US Cities for Tech Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/14/2020
Commentary
Predictions for Cloud Computing in 2020
James Kobielus, Research Director, Futurum,  1/9/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll