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                 Twitter to Cut 336 Jobs in Cost-Cutting Effort

   by VOA News

   The social messaging platform Twitter said Tuesday it was cutting eight
   percent of its workforce, or 336 jobs, in a restructuring of the
   troubled company under newly returned chief executive Jack Dorsey.

   The layoffs come just two weeks after Twitter brought back Dorsey - one
   of its co-founders - as permanent CEO in an effort to tackle problems
   that have slowed user growth at the messaging service and compounded
   steady financial losses.

   The San Francisco-based one-to-many messaging platform, which has not
   yet turned a profit, has struggled to expand its user base above 300
   million.

   "We are moving forward with a restructuring of our workforce so we can
   put our company on a stronger path to grow," Dorsey wrote in an email
   explaining the layoffs to Twitter employees.

   Dorsey ran Twitter in 2007-2008 and served as interim chief executive
   for the third quarter after Dick Costolo resigned in June.

   Also last week, Twitter introduced a new "Moments" feature that
   promised to let people quickly tune in to "the best of Twitter" in an
   effort to leverage its connections in real-time news.
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References

   1. http://www.voanews.com/content/twitter-to-cut-336-jobs-in-cost-cutting-effort/3003866.html