Andre Yoskowitz
26 Oct 2016 22:29
Struggling social media company Twitter is preparing to fire hundreds of more employees after they failed to sell themselves in the past few weeks.
Twitter could lay off about 300 employees, equivalent to 8 percent of their total workforce
The layoffs are likely to be officially announced during Twitter's earnings report tomorrow and it will be interesting to see from what divisions the layoffs are coming.
Twitter is actively trying to sell itself but the price appears to be too expensive as Disney, Salesforce, Google and Apple have all inquired but then stepped away.
Source:
BBG