Twitter Axing 9 Percent of Workforce

[Eugene]

Source: ABC News

Twitter Axing 9 Percent of Workforce

By PAUL BLAKE - Oct 27, 2016, 7:51 AM ET

Twitter announced this morning that it is letting go of 9 percent of its workforce, as the company reported uninspiring earnings.

Speculation has been rife in recent weeks that a number of companies were considering buying the flagging social media company.

The company's shares were up in early trading.

The cuts focus "primarily on reorganizing the company’s sales, partnerships, and marketing efforts, is intended to create greater focus and efficiency to enable Twitter’s goal of driving toward [standard accounting] profitability in 2017,” the company said in a statement.

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Read more: http://abcnews.go.com/Business/twitter-sacking-percent-workforce/story?id=43097955

[vi5]

1. I don't want anyone to lose their jobs....

...but I would definitely say goodbye and good riddance if Twitter were to go away forever.

I've managed to be convinced and to come around on almost all new social media formats, even when I was skeptical at first of many of them. But Twitter is the absolute worst elements of all social media. It has made an already horrible American media worse in so many ways.