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Twitter to layoff 8 percent of its global workforce, says CEO

  • Twitter has finally announced to cut eight percent of its global workforce - nearly 330 jobs - to strengthen the micro-blogging site that is facing slow user growth amid tough competition from the rival social media platforms. In a letter sent to employees on Tuesday, Twitter CEO Jack Dorsey announced several moves including layoffs to get the once fast-growing social media service back on track, Wall Street Journal reported. "We feel strongly that engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce," Dorsey wrote. Source: IANS