Bloomberg: Twitter plans to lay off several hundred employees

Similar to a move last year, 300 or so job cuts could happen before the company reports earnings

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Richard Lawler
October 25th, 2016
Reuters/Brendan McDermid/File Photo
Reuters/Brendan McDermid/File Photo

Last year when Jack Dorsey returned as CEO of Twitter, the company let go of more than 300 people, and a Bloomberg report indicates history will repeat itself this year. Citing anonymous sources, the outlet reports that while planning is fluid, a similarly-sized cut of about eight percent of the workforce is in the works and could occur before the company reports earnings Thursday.

As usual, Twitter's corporate future feels uncertain, especially after rumored opportunities for its acquisition by companies like Google, Disney or Salesforce came and went. Now, it has moved its quarterly earning report release from Thursday afternoon, after the markets close, to Thursday morning. Does that mean anything special? Until we see the numbers, who knows.
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