Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

0
25

twitter-logo-small-fade-1920

BY 

Just days after being named permanent chief executive of Twitter, Mr. Dorsey is planning a series of cost-cutting maneuvers at the social networking company, including layoffs and halting a plan to expand the company’s San Francisco’s headquarters, according to three people familiar with the plans, who spoke on the condition of anonymity because the details are private.

The plans are part of an effort to trim what many insiders see as an organization that has grown bloated — Twitter has over 4,100 employees in more than 35 offices — over the past few years, these people said.

A Twitter spokesman declined to comment.

The moves, with the layoffs set to come as soon as Tuesday, signal swift action by Mr. Dorsey, who was named permanent chief only on Monday. Mr. Dorsey, 38, who also co-founded Twitter, had held the interim chief title since July 1 and has had time to assess the company’s prospects, strengths and weaknesses.

“Read the Full Article at www.nytimes.com >>>>”

Comments Closed