Twitter to streamline workforce by cutting 336 jobs

Twitter has announced that it is cutting 336 jobs as part of a streamlining effort to set the company on course. 336 jobs represent 8 per cent of Twitter's global workforce and the job cuts will affect the engineering division.

The cuts come weeks after Jack Dorsey was appointed Twitter CEO. Twitter is doing well financially but has been having a hard time attracting new users, even as it has tried to diversify and add features to the service.

"The team has been working around the clock to produce streamlined roadmap for Twitter, Vine, and Periscope and they are shaping up to be strong. The roadmap is focused on the experiences which will have the greatest impact. We launched the first of these experiences last week with Moments, a great beginning, and a bold peek into the future of how people will see what's going on in the world," Dorsey said in an employee memo. "We feel strongly that Engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce. And the rest of the organization will be streamlined in parallel," Dorsey adds.