|
The
news comes after Jack Dorsey was appointed permanent chief
executive on Monday.
It is unclear how many of Twitter's staff will be laid off, but
it is likely it will affect most departments, Re/code said,
citing company insiders.
The company employs about 4,100 people in more than 35 offices
around the world, according to its website.
Twitter shares fell 3.1 percent to $29.90 in extended trading on
Friday.
The company is working to rekindle growth after its latest
quarterly results in July revealed the slowest rise in monthly
average users since it went public in 2013 - a performance that
Dorsey at the time called "unacceptable."
Twitter's layoffs come at the same time as it restructures its
engineering organization to make it more efficient, Re/code
reported.
It is likely that many of the people impacted by the layoffs
will be engineers, the report said.
"We’re not commenting on rumor and speculation," a Twitter
spokeswoman told Reuters.
Up to Friday's close, Twitter's shares had fallen about 14
percent this year.
(Reporting by Anya George Tharakan and Devika Krishna Kumar in
Bengaluru; Editing by Maju Samuel)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
