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Twitter Is Planning Widespread Layoffs, Reports Say

Twitter Cofounder and CEO Jack Dorsey
Twitter Cofounder and CEO Jack Dorsey Photo Credit: flickr/By cellanr

Layoffs by Twitter’s new CEO could come as soon as early this week, according to multiple reports.

Cofounder Jack Dorsey was named CEO just last week and has a financial crisis to fix, the New York Times said .

Since going public in 2013, its stock struggled to stay above its $26 IPO. Twitter has 4,100 employees in more than 35 offices, according to newyorktimes.com .

For the full story see newyorktimes.com .

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