Twitter CEO Jack Dorsey Confirms Company Will Lay Off 336 Employees
According to an email from Dorsey to all employees, Twitter will be laying off 336 employees, eight percent of its staff.
“So we have made an extremely tough decision: we plan to part ways with up to 336 people from across the company,” writes Dorsey, “Twitter will go to great lengths to take care of each individual by providing generous exit packages and help finding a new job.”
Dorsey’s email says Twitter’s product and engineering teams would endure the “most significant structural changes,” with the rest of the organization to be streamlined in parallel.
“We feel strongly that Engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce,” writes Dorsey.
Shortly after the announcement was made last week that the Twitter co-founder would take over as the company’s permanent CEO, Dorsey tweeted that his focus was on building teams that “… move fast and learn faster.”
My focus is to build teams that move fast, and learn faster. In the past 3 months we have increased our speed and urgency at both companies.
— Jack (@jack) October 5, 2015
You can read Dorsey’s full email filed with the US Securities and Exchange Commission here: Jack Dorsey email to employees.