Posted on 10/24/2016 6:00:15 PM PDT by SkyPilot
➞ Company may announce around third-quarter earnings report
➞ Twitter said to plan cut of about 8 percent of workforce
Twitter Inc. is planning widespread job cuts, to be announced as soon as this week, according to people familiar with the matter.
The company may cut about 8 percent of the workforce, or about 300 people, the same percentage it did last year when co-founder Jack Dorsey took over as chief executive officer, the people said. 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.
An announcement about the job reductions may come before Twitter releases third-quarter earnings on Thursday, one of the people said. A Twitter representative declined to comment.
Twitter, which loses money, is trying to control spending as sales growth slows...
(Excerpt) Read more at bloomberg.com ...
Weeding out dead wood is my guess.
Probably the only thing keeping Twitter going is this political season
I don’t tweet so I don’t care.
Quick! Somebody Tweet about how the economy is experiencing incredible growth under Obama!!!
How much net profit has Twitter made in the last five years?
Hard for me to conceive of why they would need an entire building full of people to run a website. FR is run by just Jim and his brother with some volunteer moderators.
Die Twitter.
Is Twitter ripping off Advertisers like Facebook ?
Yup. Some people just can’t conceive of having a thought without posting it. Hopefully such sites will go the way of the Pet Rock ASAP.
I’m with you. I don’t even know the first thing about it. . .nor do I care.
Those that are getting laid off more than likely were tweeting or twittering anti-Trump sentiments.
They could turn around by purging their “Abuse” and “Truth & Safety” departments, which have caused the most damage. Then follow up by firing other personnel aiding and abetting them.
Make sure that they’re fired for a legally defensible reason, as the SJWs will try to sue. The key at this stage is to remove what stands in the way of profitability.
Finally, move the company to Texas to inoculate against a reinfection.
Not perfect, but necessary if they want to profit.
Their trust and safety council is banning conservatives for conservative opinions, some of whom are their biggest personalities and many of the mid-level. When your audience is declining, there is less potential cash flow for the platform.
Things aren’t great out there. How long before these layoffs spread to Google & Failbook?
Censoring conservatives is very labor intensive;-)
I never heard of anything that sounded more Owellian.
Twitter is the number one place where Trump, OKeefe and Wikileaks are getting their message out to the people past the media filter. I am not surprised they want to curtail it. Any conservative that doesn’t want to keep Twitter on is whistling past the graveyard.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.