Twitter may lay off employees
Twitter’s investors have increased the stock up a bit over 14% as on Monday news broke out that Jack Dorsey, former Twitter CEO, sacked out of the job in 2008, has now become Twitter’s permanent CEO. The new may not be rejoiced by Twitter's rank-and-file employees, as many reports suggest that Twitter is tightening its operations from next week and layoffs can be part of it.
It is being said that Twitter’s layoffs can start from Tuesday. For now, there is no update on how many employees can be affected from the move. It is also not known as whether the company with move has indicated that there will be no more recruitment for now and also that it is going to be quite stringent over who is allowed to be in the company.
There are rumors that Twitter engineers may bear the maximum brunt in the layoffs. But when it is being alleged that the company is planning for layoffs then it should affect almost every department in the company.
There are chances that it could be Dorsey’s approach to reduce overall costs and improving efficiency. “The world needs a Twitter that not only remains relevant, but thrives and continues to redefine what came before it. It is our goal to exceed the expectations that the world has for us”, affirmed Dorsey.
"In order to realize Twitter's full potential, we must improve in three key areas: ensure more disciplined execution, simplify our service to deliver Twitter's value faster, and better communicate that value," said Dorsey, in a statement, via Twitter's second-quarter results announcement.
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