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TWITTER PLANS TO lay off 336 employees, or 8% of its global workforce, as part of its plans to restructure the company.
Rumours that the company would plan a restructure were originally reported last week by Re/Code, and come a week after it named co-founder Jack Dorsey as its new CEO.
The restructuring will primarily affect the engineering and product teams across Twitter, although it’s not clear which offices will be affected.
Made some tough but necessary decisions that enable Twitter to move with greater focus and reinvest in our growth. http://t.co/BWd7EiGAF2
In a letter to employees, Dorsey said the restructuring was “a plan to change how we work and what we need to do that work”.
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“We are moving forward with a restructuring of our workforce so we can put our company on a stronger path”, said Dorsey. “Emails like this are usually riddled with corporate speak so I’m going to give it to you straight”.
Product and Engineering are going to make the most significant structural changes to reflect our plan ahead. We feel strongly that Engineering will move much faster with a smaller and nimbler team, while the biggest percentage of our workforce. And the rest of the organisation will be streamlined in parallel.
So we have made an extremely tough decision; we plan to part ways with up to 336 people from across the company. We are doing this with the upmost respect for each and every person. Twitter will go to great lengths to take care of each individual by providing generous exit packages and help finding a new job.
Dorsey concluded by saying the company would move forward with “a more purpose-built team, which will continue to build strength into over time” and that the short-term pain would benefit the company in the long-run.
This isn’t easy. But it is right. The world needs a strong Twitter, and this is another step to get there.
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