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Twitter to layoff 8% of global workforce


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2015 Oct 13, 7:54am   2,767 views  13 comments

by lostand confused   ➕follow (3)   💰tip   ignore  

https://finance.yahoo.com/news/twitter-laying-off-8-global-123529882.html

Dorsey has been vocal about the need to shake things up at the company, as user growth and engagement have stalled and the company's stock has been battered. During Twitter's second-quarter conference call in June, Dorsey called the performance "unacceptable," and said he would "ensure more disciplined execution," among other things. Twitter will incur $10 million to $20 million of cash expenditures in severance costs. Its restructuring expenses are estimated at $5 million to $15 million, according to the filing.

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1   zzyzzx   2015 Oct 13, 11:39am  

It's all Obama's fault!!!

2   zzyzzx   2015 Oct 13, 12:04pm  

http://www.businessinsider.com/twitter-layoffs-2015-10

Some Twitter employees found out they got laid off when their email was disconnected

Senior software engineer Bart Teeuwisse, whose LinkedIn profile says that he's been at the company four years, posted on Twitter that he found out this morning when he could no longer log into his corporate email.

Teeuwisse writes that he's a work-from-home employee, and received a call from the company that went to his voicemail. He didn't listen to it before noticing that he didn't have access to his account.

We're hearing that at least a handful of employees who weren't remote also woke up to seeing that they were laid off via the fact that their emails and Hipchat, a messaging product, had been turned off overnight.

Another work-from-home employee told Business Insider that they have a 1:1 meeting scheduled for later in the day, and are waiting to see if they still have their job.

Twitter did not immediately respond to a request for comment.

3   lostand confused   2015 Oct 13, 12:11pm  

There was that recent IPO that did not do too well, am wondering with this, if the IT second boom is slowly deflating?

4   Tenpoundbass   2015 Oct 13, 12:12pm  

"Jst gt l8d off 2 day LOL"

5   Tenpoundbass   2015 Oct 13, 12:13pm  

Twitter's only contribution to society will be Trump tweeting him self all the way to the Whitehouse, Tweeting the stupid shit Liberals are doing.

6   Heraclitusstudent   2015 Oct 13, 12:44pm  

zzyzzx says

Some Twitter employees found out they got laid off when their email was disconnected

7   anonymous   2015 Oct 13, 9:45pm  

this is shocking, i thought twitter was worth an estimated 600 trillion dollars in fairy dust, er i mean stocks.

8   Y   2015 Oct 13, 9:59pm  

It was only a matter of time before carpal tunnel set in...

lostand confused says

Twitter to layoff 8% of global workforce

9   HydroCabron   2015 Oct 13, 10:58pm  

Tenpoundbass says

Trump

There are other things in life.

10   zzyzzx   2015 Oct 14, 8:47am  

Tenpoundbass says

Twitter's only contribution to society will be Trump tweeting him self all the way to the Whitehouse, Tweeting the stupid shit Liberals are doing.

11   zzyzzx   2015 Oct 14, 8:59am  

Donald J. Trump ‏@realDonaldTrump 1h1 hour ago
#DemDebate was really boring but had a lot of fun live tweeting and picked up by far the most followers.

12   Tenpoundbass   2015 Oct 14, 10:34am  

Yeah screw the polls let's hear the CNN ratings.

13   Tenpoundbass   2015 Oct 14, 11:48am  

And for CNN that was a record for any debate, had the Republican debate NOT already set this seasons precedence for the new record.

CNN is over there calling a record turn out. Making it sound like an altime record for any debate.
You know if Trump would just get the hell out of the way, the Demcorats could fabricate a better reality for us all.

That 16% Clinton is going to clean up next November, mmmhmmm just we wait and see, and wait, and wait, and wait, and wait, and wait...

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