TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Twitter may cut hundreds of jobs this week
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Previously, several company giants, such as Disney, Google and Apple, seemed interested in bidding for the San Francisco-based platform, but all later withdrew. (Shutterstock.com/Maxxa Satori)
Twitter Inc. reportedly plans to dismiss around 8 percent or 300 of its employees amid slow growth.
Previously, several company giants, such as Disney, Google and Apple, seemed interested in bidding for the San Francisco-based platform, but all later withdrew.
(Read also: Google, Disney reportedly back out of Twitter sale)
As reported by Bloomberg, the plans have not been fixed, however, Twitter’s stock price fell to near its lowest level this year despite it garnering 313 million more active users or up 3 percent from last year.
Twitter will reportedly officially announce the job cuts prior to releasing its third quarter earnings on Thursday. (wir/kes)
