We all have been hearing the news that Jack Dorsey has recently been named the Twitter’s permanent CEO. But, only eight days into his permanent reign as CEO, Dorsey has confirmed a report from Re/code that Twitter will be reducing their number of employees.
In an email from Dorsey to Twitter’s employees, there will be a layoff of 336 employees, which accounts eight percent of its staff.
In the email, Dorsey wrote,
“So we have made an extremely tough decision: we plan to part ways with up to 336 people from across the company. Twitter will go to great lengths to take care of each individual by providing generous exit packages and help finding a new job.”
“We feel strongly that Engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce,” writes Dorsey.
My focus is to build teams that move fast, and learn faster. In the past 3 months we have increased our speed and urgency at both companies.
— Jack (@jack) October 5, 2015
Check out Dorsey’s full email filed with the US Securities and Exchange Commission here: Jack Dorsey email to employees.