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Twitter To Begin Layoffs (nytimes.com)

Posted by Soulskill on from the describe-what-it-is-you-do-here-in-140-characters-or-fewer dept.

An anonymous reader writes: Just a few days ago, Twitter co-founder Jack Dorsey returned to the company and took over the role of CEO. Now, the NY Times reports that the company will be facing layoffs as he cuts the company's costs. Twitter somehow manages to employ over 4,100 people across 35+ offices, so many investors are thrilled with the news. "Twitter's spending has been rising. In the last quarter for which Twitter reported financial results, costs and expenses totaled $633 million, up 37 percent from a year earlier. The layoffs will most likely affect multiple areas of the company, including the engineering and media teams, according to the people with knowledge of the plans." The company is also dropping plans to build a 100,000 square-foot expansion to its headquarters.

6 of 138 comments (clear)

  1. Wow by PSXer · · Score: 5, Funny

    It seems to me that...

    comment continued in next post

  2. Re:Twitter's 6 employees by _xeno_ · · Score: 4, Funny

    You forgot all the UX people whose job it is to randomly change Twitter's UI around for no real reason. Don't forget, Twitter is a modern web-based application, it needs UX because if there's one thing a platform based around sending 140-character messages shouldn't be, it's simple.

    (No, really, they seem to love randomly changing their website and client apps. I guess so those 4100 employees can justify their existence. Alternatively they feel they need to mimic Facebook.)

    --
    You are in a maze of twisty little relative jumps, all alike.
  3. Re:Great, another idiot by PolygamousRanchKid+ · · Score: 4, Funny

    Well, at least, I hope they inform their employees of their firing with a tweet.

    --
    Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
  4. Re:Really...? by Boss,+Pointy+Haired · · Score: 4, Funny

    What do they do? I would have thought this is one business that could almost be run in the cloud with no human involvement (apart from the tweeters)...

    C*O and Senior Management: 20

    Middle Management: 10

    Administration: 5

    Devs: 2

    Legal: 4063

  5. Another failed company by Anonymous Coward · · Score: 0, Funny

    Why couldn't this be github? ????

  6. oh, gosh, I hope they stay in business by NostalgiaForInfinity · · Score: 4, Funny

    Twitter provides such a useful service, sucking up celebrities, politicians, journalists, SJWs, and all sorts of other unsavory characters.

    If Twitter ever closes its doors, these uncivilized hordes will wreak havoc on the rest of the world.