Twitter to cut 9 per cent of staff, plots new growth strategy
October 27, 2016
NEW YORK: Twitter announced plans Thursday to cut nine per cent of its workforce as the struggling social network reaffirmed its strategy to drive growth after failing to find a buyer.
"We see a significant opportunity to increase growth as we continue to improve the core service," chief executive Jack Dorsey said while releasing quarterly results showing more losses.
"We have a clear plan, and we´re making the necessary changes to ensure Twitter is positioned for long-term growth."
