Twitter Planning Hundreds of Job Cuts This Week

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The social media giant Twitter may cut hundreds of jobs across the board, US media reported.

WASHINGTON (Sputnik) — Bloomberg reported on Monday that sources said Twitter may cut about 300 jobs, which is about 8 percent of the workforce, as soon as this week.

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Twitter’s sales growth has slowed, the report explained, adding that an attempt to seek a sale failed after Salesforce.com Inc., The Walt Disney Co. and Alphabet Inc. backed out from bidding.

About the same percentage of the workforce was present after Twitter co-founder Jack Dorsey took over as chief executive officer, the report noted.

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