ADVERTISEMENT
About Our People Legal Stuff
AP_16231637037297.jpg

Twitter is reportedly planning to lay off 300 people, about 8 percent of its workforce

0

Twitter is reportedly planning another round of layoffs that could leave about 300 people without jobs.

That's about 8 percent of the company's entire workforce, Forbes reports. This will likely be announced before Twitter reveals its quarterly earnings on Thursday morning.

It's not clear if this will affect Periscope, Twitter's hugely popular live video streaming app.

Jack Dorsey.jpg
FILE - In this Thursday, Nov. 19, 2015, file photo, Square CEO Jack Dorsey is interviewed on the floor of the New York Stock Exchange. Twitter is taking the smartphone shackles off its live-video service Periscope as part of the struggling company’s attempt to broaden its audience. The Periscope Producer feature announced Thursday, Oct. 13, 2016, will allow media companies and other users to pipe live video feeds directly into Twitter, without using a smartphone to record the images. The Periscope extension ups the ante on Twitter CEO Jack Dorsey’s bet that the increasing popularity of online video will help widen the short-messaging service’s appeal. (AP Photo/Richard Drew, File)

This sounds familiar

When Twitter co-founder Jack Dorsey rejoined the company as CEO in 2011 after being forced out in2008, he also laid off 8 percent of the employees at the time.

What's Twitter's problem lately?

Twitter has struggled to bring in new users and innovate without leaving its old fans behind. It has managed to secure big deals like live-streaming Thursday Night Football, MLB and NHL games, but that hasn't turned into big money -- yet.

There have been rumors that Twitter will be bought out by a larger company. Rumored buyers include Google, Disney, Salesforce and Verizon.

Of course this got political.

Comments
Read Comments
Comments
ADVERTISEMENT
Facebook Twitter Instagram Pinterest Linked In List Menu Enlarge Gallery Info Menu Close Angle Down Angle Up Angle Left Angle Right Grid Grid Play Align Left Search Youtube Mail Mail Angle Down Bookmark