Layoffs looming at Twitter, Goldman Sachs, Gannett
As a buyout looks unlikely, the micro-blogging platform is reportedly planning to cut jobs, but it’s not the only organization giving employees bad news.
Twitter is apparently preparing itself for the next phase of its ongoing battle for survival by trimming its staff.
On Monday, Bloomberg reported that the social media platform might soon lay off roughly 300 people, though the exact number and timing of the cuts aren’t confirmed.
The layoffs rumor mirrors last year’s staff cuts, when co-founder Jack Dorsey took back the reins of the platform. He has been unable to turn around Twitter’s decline—and now appears to be bracing the company for a fight to survive without hope of a buyout.
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