Media: Twitter will shorten some of the employees next week

Media: Twitter will shorten some of the employees next week

MOSCOW, 10 Oct. Microblogging service Twitter next week could reduce the number of staff.

According to the publication Re/code several sources, the reduction will affect almost all divisions of the company, with half the cuts will occur in the technical divisions. However, it remains unknown how many employees will get the calculation.

The reduction will take place as part of the restructuring of the company, insiders explain. The new CEO of Twitter Jack Dorsey, one of the co-founders of the service, officially took office on Monday. Prior to this appointment he was repeatedly expressed that the company is stagnating and needs to grow, attracting a wider audience.

A spokesman for the company said that he refused from comments.

Currently the state of Twitter Inc. approximately 4100 employees, although prior to IPO in 2013, the company had two times less people. The number of users over the same period increased by only 50%.

After the rumours about future reductions of Twitter shares on the new York stock exchange fell by more than 3%.

American company Twitter Inc. was founded in 2006. The company’s main product is a social network for public exchange of short messages containing up to 140 characters. The headquarters is located in San Francisco, California.