On Tuesday, Twitter’s recently returned CEO Jack Dorsey sent a letter to all employees, notifying them that 336 jobs would be cut—around eight percent of the company’s workforce.
Shortly thereafter, at 4:35am, Dorsey confirmed the news with the following tweet:
Made some tough but necessary decisions that enable Twitter to move with greater focus and reinvest in our growth. http://t.co/BWd7EiGAF2
— Jack (@jack) October 13, 2015
Dorsey linked to Securities and Exchange Commission (SEC) filing of the letter he sent his employees, which read, "We are moving forward with a restructuring of our workforce so we can put our company on a stronger path to grow. E-mails like this are usually riddled with corporate speak so I'm going to give it to you straight.”
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