The headline initiative will be to hack back nine percent of the company's workforce -- around 350 employees. It mirrors a similar move Dorsey made in October 2015 when he fired 336 people from the company in order to cut costs. Twitter expects that the layoffs will cost between $10 and $20 million to cover severance fees.
Is this the true downfall of Twitter? - Is this the last resort?
Do you think Mark (Facebook) will "rescue" Twitter and buy it, just like they bought Instagram or do you believe they will be able to stay in business?
Perhaps Google would be more interested in buying Twitter, or why not even Microsoft. - What do you think?