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Twitter is to cut more than 300 jobs as part of ‘restructuring’

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  • October 14, 2015

CEO Jack Dorsey confirmed that 8% of the company’s workforce would go as part of plans to streamline the social media firm.

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Twitter has confirmed the cutting of more than 300 jobs, saying the move is “part of an overall plan to organise around top product priorities”.

The social media site confirmed the news in a letter to staff from chief executive Jack Dorsey, the site’s co-founder who only returned as permanent CEO last week. In total, 336 employees from around the world have been cut; around 8% of the company’s workforce.

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In the letter, Mr Dorsey said: “We feel strongly that Engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce. And the rest of the organization will be streamlined in parallel.

“So we have made an extremely tough decision: we plan to part ways with up to 336 people from across the company. We are doing this with the utmost respect for each and every person. Twitter will go to great lengths to take care of each individual by providing generous exit packages and help finding a new job.”

Mr Dorsey added: “We are moving forward with a restructuring of our workforce so we can put our company on a stronger path to grow.

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“Let’s take this time to express our gratitude to all of those who are leaving us. We will honour them by doing our best to serve all the people that use Twitter. We do so with a more purpose-built team, which we’ll continue to build strength into over time, as we are now enabled to reinvest in our most impactful priorities.”

Twitter has been under pressure for some time as it struggles with low share prices, as well as attempting to catch up with other social networking sites including Facebook, which has more than 1.4 billion active users compared to Twitter’s 300 million. Facebook-owned Messenger, WhatsApp and Instagram also have more active users than Twitter.

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