Twitter has said it is cutting 336 jobs, roughly 8% of its global workforce, as part of a restructuring of the business.<\/p>\n
The job cuts will cost between $10m (\u00a36.5m) and $20m in severance pay, while the restructuring will cost between $5m and $15m, the company said.<\/p>\n
Shares in Twitter rose 2% in pre-market trading following the announcement.<\/p>\n
The move comes just days after co-founder Jack Dorsey returned as chief executive of the social media site.<\/p>\n
“We have made an extremely tough decision – we plan to part ways with up to 336 people from across the company,” Mr Dorsey wrote in a letter to Twitter employees.<\/p>\n
“We are doing this with the utmost respect for each and every person.<\/p>\n
“Twitter will go to great lengths to take care of each individual in providing generous exit packages and help finding a new job.”<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Twitter has said it is cutting 336 jobs, roughly 8% of its global workforce, as part of a restructuring of the business. The job cuts will cost between $10m (\u00a36.5m) and $20m in severance pay, while the restructuring will cost between $5m and $15m, the company said. Shares in Twitter rose 2% in pre-market trading […]<\/p>\n","protected":false},"author":14,"featured_media":159345,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[18],"class_list":["post-159344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-akwasi-osei"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/159344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=159344"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/159344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/159345"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=159344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=159344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=159344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}