Business

Twitter announces to cut 9pc jobs to increase growth

Latest Update: October 27, 2016 | 113 Views
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NEW YORK: Twitter announced plans Thursday to cut nine per cent of its workforce as the struggling social network reaffirmed its strategy to drive growth after failing to find a buyer.

“We see a significant opportunity to increase growth as we continue to improve the core service,” chief executive Jack Dorsey said while releasing quarterly results showing more losses.

“We have a clear plan, and we┬┤re making the necessary changes to ensure Twitter is positioned for long-term growth.”

AFP