Twitter Stock (TWTR): Shares Jump After Beating Q3 Estimates, Company Lays Off 9 Percent Of Workforce
October 27, 2016
In its third quarter earnings release, Twitter, Inc. (TWTR) announced plans to lay off 9 percent of its at least 3,860-person workforce—around 350 people. In October 2015, the social media website also cut 9 percent of the staff under newly appointed chief executive Jack Dorsey.