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Report: New Twitter CEO Dorsey to lay off employees this week

Written by Andre Yoskowitz (Google+) @ 12 Oct 2015 23:18

Report: New Twitter CEO Dorsey to lay off employees this week According to Re/code, new Twitter CEO Jack Dorsey is preparing to make company-wide layoffs this week, his first major decision since being named permanently to the position.
If true, the downsizing will affect all divisions of the struggling company that currently has over 4000 employees. The report also claims that many of the layoffs will be of engineers, which are currently about half of all employees.

At the same time, Twitter is restructuring its entire organization to be more "lean" and efficient.

Dorsey, a co-founder of the service, has been interim CEO since longtime exec Dick Costolo was let go earlier this year.

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