The social network Twitter today announced it will eliminate 336 jobs, 8% of its workforce worldwide as part of a restructuring plan started with the confirmation of Jack Dorsey in leading the company.
Since its establishment, has accumulated losses of 1,900 million dollars (1,670 million euros), according to Efe.
“It’s not easy, but it is the correct one. The world needs a strong Twitter and this is another step to achieve it,” Dorssey said in a statement announcing the elimination of jobs.
The company, established nine years ago, currently has 4,100 employees around the world.
With 300 million users, Twitter recorded revenues of 938 million dollars (around EUR 825 million, at the current exchange rate) in the first half of this year, but lost 299 million (EUR 263 million) in the same period.
Since its establishment, has accumulated losses of 1,900 million dollars (1,670 million), according to Efe.
Last week, the social network, known for its short message, confirmed the appointment of Jack Dorsey as permanent president, a post which he had occupied so interim for three months.
During this period, Dorsey eliminated the 140 characters limit for direct messages, announced the incorporation of a shopping button and an initiative to make contributions to election campaigns in the United States through the social network.
The new stage of Twitter include the debut of its editorial project ‘Moments’, the launch of a video tool for advertisers and the promise of “big changes” in 2016, as it advanced Dorsey last week.
Lusa / SOL
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