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.
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.