Twitter Jobs

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twitter is to lay off up to eight percent of its workforce nearly three hundred and forty employees in an effort to revive growth the job cuts mainly in the company’s product and engineering functions come a week after co founder Jack Dorsey took over as permanent CEO for the second time in a letter to employees he said engineering would move much faster with a smaller and nimbler team while remaining the biggest percentage of the workforce the micro blogging service provider had more than 4,000 employees at the end of June its second quarter net loss came despite a large rise in year on year revenue the growth in average monthly users was the slowest since the company went public nearly two years ago twitter says it expects third quarter revenue to be at or above the high end of its forecast the figures are due at the end of October the californian company’s shares rose nearly six percent on news of the plans.