Twitter announces a massive restructuring plan to dismiss 336 employees

ByKeiyac

Twitter is largeLayoff, And it was found that 336 people, which is about 8% of the total number of employees, will be dismissed at maximum. It is the first week after Mr. Jack Dorsey, founder of Twitter, took over as CEO again.

Twitter laying off 8 percent of employees | The Verge
http://www.theverge.com/2015/10/13/9518861/twitter-layoffs-336-employees-jack-dorsey

It was in June 2015 that Mr. Jack Dorsey, the founder of Twitter, decided to resign as 'CEO' by Mr. Dick Costro, who had been CEO until then, to "return as a provisional CEO". And four months later on October 5, Mr. Dorsey announced that he will officially become CEO.

We are naming@adambainCOO of Twitter, we are working to change the composition of our Board, and I will serve as CEO of Twitter and Square!

- Jack (@ jack)2015, October 5

On the day the announcement of inauguration was posted, "Twitter is the most powerful communication tool."

It shows everything the world is saying rn ... 10-15 minutes before anything else.

- Jack (@ jack)2015, October 5

Four days after Mr. Dorsey took office, on the 9th "Twitter is planning a large layoff"Re / code of foreign news media reported, but it was announced on October 13, local time to dismiss up to 336 employees.

Made some tough but necessary necessary decisions that enable Twitter to move with larger focus and reinvest in our growth.http://t.co/BWd7EiGAF2

- Jack (@ jack)2015, October 13

The contents of the e-mail sent to the employee from Dorsey CEO are as follows. The title is "more focused on Twitter" and has been exported from a sentence "I will implement restructuring to make our company grow stronger." In addition, in the e-mail, it was written that the person who was dismissed was "given enough retirement money", "Twitter supports support to find a new job".


Some of Twitter's employees were surprised to hear reports about layoffs, and some people said they did not enter the company account and knew their dismissal.

I've been impacted by$ TWTR'S layoffs. This is how I found out this morning.Pic.twitter.com/MbjFwYLcU2

- Bart Teeuwisse (@ bartt)2015, October 13

The purpose of this layoff is said to "focus on the top priority product" and "to raise the efficiency of the entire company", and Mr. Dorsey took over as the CEO also said that reduction of staffing is one of the major reasons It is seen. By layoffs, Twitter will pay $ 10 million to $ 20 million (1.2 to 2.4 billion yen) to its employees, but the long-term revenue is expected to increase steadily.

The Twitter stock price seems to be rising after the layoff report.