Twitter will again this week to cut hundreds of jobs

Bloomberg News quoted sources as saying that Twitter is planning further job cuts.

Announce the cuts as early as this week. Sources said that Twitter has the potential to cut 8%, a total of 300 people. When Jack Dorsey became Twitter CEO in the past year, Twitter has also been a similar proportion of layoffs.

However, the layoff plan has not yet been finalized, this figure could still change. Twitter will announce third-quarter earnings on Thursday. Twitter may announce layoffs before the earnings news.

Twitter spokesman declined to comment. Twitter is still in the red. With sales growth slowing, Twitter is trying to rein in spending. Twitter recently hired bankers consider selling.

However, said companies interested in buying Twitter, including Salesforce, and Disney Alphabet, is already purchasing process is stopped. The past 12 months, Twitter shares were down 40%. That make it difficult for the companies to use stock as payroll to the engineer. In the war for talent with the Alphabet and Facebook, Twitter is also at a disadvantage. Layoffs will help ease the pressure in this regard.