{"id":74196,"date":"2016-10-25T09:57:06","date_gmt":"2016-10-25T13:57:06","guid":{"rendered":"http:\/\/techvibes.com\/?p=74196"},"modified":"2017-10-31T11:00:03","modified_gmt":"2017-10-31T15:00:03","slug":"twitter-is-rumored-to-cut-300-employees-this-week","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/twitter-is-rumored-to-cut-300-employees-this-week","title":{"rendered":"Twitter Rumored to Cut 300 Employees This Week"},"content":{"rendered":"

Sources close to Twitter claim the company is planning to cut up to\u00a0300 jobs as early as this week. That amounts to about\u00a08 per cent of their workforce, the same percentage cut in 2015 when co-founder Jack Dorsey took over as CEO.<\/p>\n

The timing of this leak is curious as Twitter will be releasing Q3 earnings on Thursday this week. Despite several weeks on a\u00a0rumor-rollercoaster of potential acquisitions by the likes of Disney, Google\u00a0and Salesforce<\/a>, the company now finds itself where it was two\u00a0month ago: Trading around 40 per cent lower than this time last year.<\/p>\n

\"Screen<\/p>\n

The company reportedly just hired bankers to explore the potential sale, but\u00a0every companies that had expressed interest in bidding has\u00a0backed out.<\/p>\n

Twitter\u2019s losses and reduced share price make it that much harder to pay their employees with stock.\u00a0That has make it very difficult\u00a0for Twitter to compete for talent with giant rivals like Alphabet Inc.\u2019s Google and Facebook Inc and fewer employees would ease the pressure.<\/p>\n

https:\/\/borndigital.com\/2016\/10\/14\/salesforce-decides-to-pass-on-twitter<\/p>\n","protected":false},"excerpt":{"rendered":"

Sources close to Twitter claim the company is planning to cut up to\u00a0300 jobs as early as this week. That amounts to about\u00a08 per cent of their workforce, the same percentage cut in 2015 when co-founder Jack Dorsey took over as CEO. The timing of this leak is curious as Twitter will be releasing Q3 […]<\/p>\n","protected":false},"author":76166,"featured_media":73329,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-74196","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/74196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/76166"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/74196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/73329"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=74196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=74196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=74196"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=74196"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=74196"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=74196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}