Twitter is Yuna Ogura is Opened Up By A Train Thief Who Comes To Her House (2025)looking to trim costs. The company may soon cut 8 percent of its workforce, or about 300 people, Bloombergreported Monday citing anonymous sources.
The news comes after Twitter failed to secure a bid from a potential suitor. Disney, Salesforce and Google were interested in Twitter but later dropped their efforts, some reportedly citing concerns with the site's abuse problem.
SEE ALSO: The saga of Twitter's potential acquisition, explained via its year-old Moments featureThe same percentage reduction in staff hit the network exactly a year ago shortly following cofounder Jack Dorsey's return as CEO. Dorsey said the company, which had more than 4,100 employees at the time, could benefit from a leaner engineering team.
This Tweet is currently unavailable. It might be loading or has been removed.
For this round of layoffs, Twitter may be looking to the sales team, TechCrunchreported. That's interesting given that Twitter, which is not profitable, could use an increase in revenues while cutting its high spending.
While Dorsey and his team have attempted to reinvigorate Twitter with new products like Moments, refinements like tweaking the character limit and an aggressive push to host more live video on the network, it has struggled to attract more users and impress investors.
Twitter's share price is down 40 percent over the last year. Its value only spikes upwards following acquisition reports.
Investors have repeatedly cited disappointment in Twitter's user growth. Twitter has 313 million monthly active users, which has struggled to grow since the company went public in 2013 and pales in comparison to Facebook's 1.71 billon.
"Twitter's cost structure was originally built to grow into a much larger user base, but with user growth stagnating we feel the company likely needs to reduce costs. We believe Twitter could reduce costs while preserving R&D innovation and investments," Robert Peck, an analyst at SunTrust, wrote in a research note Tuesday.
Twitter reports third-quarter earnings Thursday pre-market, a decision the company announced Monday prior to talk of layoffs. Tech giants Google and Amazon also report Thursday.
This Tweet is currently unavailable. It might be loading or has been removed.
Topics Google X/Twitter
(Editor: {typename type="name"/})
NYT mini crossword answers for April 24, 2025
Beatbot AquaSense 2 robotic pool vacuum: $500 off
Best cordless vacuum deal: Save $130 on the Samsung Jet 60 at Best Buy
Dyson V8 Plus cordless vacuum: $120 off at Amazon
NYT Connections hints and answers for May 1: Tips to solve 'Connections' #690.
'The Last of Us' Season 2, episode 6: The moth symbol, explained
Why I Left Facebook After 7 Years, But Was Forced Back In
8 Free to Play Games That Are Too Good to Be True
Best Max streaming deal: Save 20% on annual subscriptions
Best Garmin deal: Save $100 on Garmin Venu 3S
The State of 5G: When It's Coming, How Fast It Will Be & The Sci
NYT Strands hints, answers for May 19
接受PR>=1、BR>=1,流量相当,内容相关类链接。