Twitter is preparing to dismiss more than 300 employees – publico

                 

                         
                     

                         

                 

 
                         

Close to 8% of Twitter workforce worldwide, a total of 336 people, will be received as part of a network restructuring microblogging . The move comes just days after the co-founder Jack Dorsey has returned the company to assume the position of CEO.

 

In a letter sent Tuesday to employees, with the subject “one Twitter more focused,” Jack Dorsey explains that the lay off is for the company to start a “stronger way to grow “.

Recalling the release last week of Moments, a feature that facilitates the highlight of the best and biggest stories of the day that are circulating on the social network, the CEO says steps” daring “like this will allow to anticipate how the “people will see what is going on in the world.”

According to Dorsey, engineering departments and products will carry out “the most significant structural changes” to reflect the plans the Twitter has for the future. “We strongly believe that engineering will go faster with a smaller, more agile team, while maintaining the highest percentage of our workforce.”

Based on this process, the direction of Twitter has taken a “extremely difficult decision” and will dismiss 336 of close to 4100 people working in the company worldwide. The company indicates that you want to reinvest their savings in their most important priorities to drive growth.

“This is not easy. But it is the correct one. The world needs a stronger Twitter and this is another step to get there “, concludes Dorsey in the email sent to employees Tuesday.

Twitter provides that the costs of workers’ compensation fluctuate between ten and 20 million dollars (8.7 and EUR 17.5 million) and the costs of the restructuring between 5 and 15 million dollars (4.3 and EUR 13.1 million). The company hopes to resolve these charges before the end of the year.

With about 316 million monthly users, Twitter has not lived up to investor expectations. In the second quarter grew 15% over the previous year, but despite the rise, the numbers are much lower than Facebook, which has almost four times more users. “Our second quarter results show good progress in monetization, but we are not satisfied with our growing audience,” admitted Jack Dorsey in June when temporarily assumed the post he now occupies officially.