Twitter CEO Jack Dorsey pushes for leaner ops, to fire 4,000 employees

|October 10, 2015 0

MUMBAI, INDIA: Barely days after new Twitter CEO Jack Dorsey took office; he has announced a tough decision.

The social media magnate has decided to lay-off 4,200 employees in a bid to push for a leaner operation focused on winning back users, Twitter has been losing to other competitors.

According to tech news website Re/code, starting next week, the layoffs will be spread across the entire San Francisco-based company and will likely include engineers which account for about half of Twitter’s approximately 4,200 employees.

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The job cuts reportedly come as engineering teams are being re-organized at the one-to-many messaging service, the website reported.

In its report Re/code said Twitter is betting that the second coming of co-founder Dorsey as chief executive will bring blockbuster growth that has eluded its grasp and disappointed investors.

Dorsey, who had been interim CEO since June, returned permanently to the helm last week while also remaining chief executive of Square, the digital payments firm he founded.

He is returning to Twitter as the company struggles to expand its user base above 300 million people.

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