Jack Dorsey, the new Twitter CEO, will hold a series of layoffs

Photo: Jordan Novet / VentureBeat

As you know, the new head of microblogging service Twitter Tal Jack Dorsey. Apparently, in the new position, Dorsey plans to conduct a large-scale reduction of employees, writes Re / code. Unfortunately, it is not yet known how many layoffs are in question, but the cuts will affect all departments and divisions of the company.

Perhaps Twitter is planning to create a more fluid structure, instead of the existing one. In addition, despite the profit received in the last quarter, the service now has certain problems in terms of attracting new users. According to Dorsey, the service needs to be improved and become more efficient.

Dorsey is currently working on the creation of a Twitter development roadmap, which he recently reported to the company's investors. Now the company is changing, new functions are being introduced, the restructuring of the workforce is underway. In addition to staff cuts, Twitter has already implemented Project Lightning, running Moments. Also, there was a new video advertising that allows you to monetize the service. Dorsey is now preparing for a new wave of change.
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On Friday, at the close of exchange trading, the company's share price reached $ 30.84. Thus, Twitter securities have lost 2.74% in price since the opening of trading.