Twitter could cut down 300 jobs starting very soon
According to a Bloomberg report Twitter could cut as many as 300 jobs, or about 8 percent of its workforce, as soon as this week,.
The report said that an announcement about the job cuts could come before Twitter releases third-quarter earnings on October 27, but that planning around the headcount reduction was "still fluid." A Twitter spokeswoman declined to comment on the report.
In October 2015 Twitter announced 336 layoffs, or about 8 percent of its global workforce at the time.
Earlier this month Twitter hired bankers to explore a sale but prospective buyers such as Salesforce.com, Walt Disney and Alphabet reportedly shied away, Meanwhile, growth has stalled for the popular but loss-making micro-blogging platform.