Twitter recently fired over 200 employees, including engineers and data experts, according to a report. The layoffs come as the social media giant is looking to cut costs and streamline its operations.
The layoffs, which were first reported by Bloomberg, are part of a larger restructuring effort at Twitter. The company is looking to reduce its workforce by 8 percent, or about 300 people, in order to save money. The layoffs are expected to be completed by the end of the year.
The layoffs come as Twitter is struggling to grow its user base and revenue. The company has been struggling to attract new users and has seen its stock price decline in recent months.
The layoffs are expected to affect engineers and data experts, as well as other employees in the company’s sales, marketing, and product teams. The company is also reportedly looking to reduce its reliance on contractors and outside vendors.
Twitter has been under pressure to cut costs and streamline its operations in order to remain competitive in the social media space. The company has been investing heavily in new products and services, such as its live streaming video service Periscope, in an effort to attract new users.
The layoffs are part of a larger effort by Twitter to reduce its costs and become more efficient. The company has been looking to reduce its reliance on contractors and outside vendors, as well as streamline its operations.
The layoffs come as Twitter is facing increased competition from other social media companies, such as Facebook and Snapchat. The company is also facing pressure from investors to improve its financial performance.
Twitter has been struggling to attract new users and grow its revenue. The company has been investing heavily in new products and services, such as its live streaming video service Periscope, in an effort to attract new users.
The layoffs are part of a larger effort by Twitter to reduce its costs and become more efficient. The company is also looking to reduce its reliance on contractors and outside vendors, as well as streamline its operations.
Twitter is also facing increased competition from other social media companies, such as Facebook and Snapchat. The company is also facing pressure from investors to improve its financial performance.
Twitter is hoping that the layoffs will help the company become more efficient and reduce its costs. The company is also looking to focus on its core products and services, such as its live streaming video service Periscope, in order to attract new users and grow its revenue.
The layoffs are a sign that Twitter is looking to become more efficient and reduce its costs in order to remain competitive in the social media space. The company is hoping that the layoffs will help it become more efficient and reduce its costs, as well as focus on its core products and services in order to attract new users and grow its revenue.
