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Twitter may cut hundreds of jobs this week

News Desk
News Desk

The Jakarta Post

Jakarta | Thu, October 27, 2016 | 11:05 am
Twitter may cut hundreds of jobs this week

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)

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