Comment on Twitter expected to cut 8 percent of its workforce

Twitter expected to cut 8 percent of its workforce

Twitter is preparing to cut an estimated 8 percent of its workforce this week, people familiar with the decision told Bloomberg. The reduction of approximately 300 people comes ahead of Twitter's third-quarter earnings report, expected at 7 a.m. ET on Thursday. The company has faced continued struggles to turn itself around, with a 40 percent fall in its share price in the past year making it tempting for engineers to exit for rivals like Google and Facebook.

 

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