Twitter to Cut 9% of Workforce as Revenue Growth Slows - News Summed Up

Twitter to Cut 9% of Workforce as Revenue Growth Slows


Twitter Inc. posted another quarter of slowing revenue growth Thursday and said it would slash 9% of its global workforce, in its first report since recent takeover interest from potential suitors including Salesforce.com Inc. dissipated. The social-media company’s revenue rose 8.2% to $615.9 million, its smallest gain and ninth straight period of slowing growth. Analysts expected revenue of $606 million. Twitter recorded a...


Source: Wall Street Journal October 27, 2016 11:13 UTC



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