Twitter to cut 8% of workforce, refocus under CEO Dorsey

San Francisco

TWITTER said on Tuesday it was slashing 8 per cent of its workforce as newly returned chief executive Jack Dorsey outlined his "roadmap" to boost users and revenues at the money-losing messaging platform.

The cuts - which amount to 336 jobs - come less than a week after Mr Dorsey, one of the founders of Twitter, returned to the job of CEO on a permanent basis as part of an effort to revive growth.

"Made some tough but necessary decisions that enable Twitter to move with greater focus and reinvest in our growth," Mr Dorsey said. In a letter to employees, Mr Dorsey said his team is working "to produce a streamlined roadmap" …