After assuming the post, Twitter’s returning CEO Jack Dorsey looks to be preparing for layoffs as early as October 13th. The company won’t address these rumours but sources for both The New York Times and Recode say that there will be some people losing their jobs soon, as to how many these would be is yet to be determined.
Recode believes that these layoffs are part of an attempt to streamline a “bloated” engineering team. While the social network has been improving its bottom line, there’s supposedly a sense among insiders that the engineering team of the company is bigger than it should be when related to its growth. The company has doubled its workforce in the past couple of years even if they’ve added around 50 percent more users.
Source: Engadget