Twitter To Sack 11 Staffs In Nigeria

Must Read

We Will Not Negotiate With Bandits: Yahaya Bello

  Kogi state governor, Yahaya Bello says he will not negotiate with bandits as his administration would deal ruthlessly with...

Barcelona Survives Copa Del Rey Exit Scare

Antoine Griezmann brace ensured La Liga leaders, Barcelona qualified for the fourth round of the Spanish Copa Del Rey. The...

I Don’t Know Why UK Is Protecting Diezani: Magu

  Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the UK is protecting Diezani Alison-Madueke,...

Amotekun, A Vote Of No Confidence On Buhari: PDP

The Peoples Democratic Party (PDP) has expressed that the governors of South West have passed a vote of no...

Amotekun: Deji Adeyanju Declares Akeredolu Southwest Hero

Popular human rights activist, Deji Adeyanju has hailed the governor of Ondo State, Rotimi Akeredolu on his commitment in...

twitter-hashtag

Twitter says it plans to sack 336 workers worldwide, including 11 Nigerians, as part of a restructuring process.

Twitter said the job cut would cut across all the countries where it operates and expects the 336 workers to have been disengaged by the end of this month, “roughly eight per cent” of its global workforce.

“We have made an extremely tough decision: we plan to part ways with up to 336 people from across the company. We are doing this with the utmost respect for each and every person,” Jack Dorsey, Co-founder and new Chief Executive Officer of Twitter said in a letter to the employees.

“Twitter will go to great lengths to take care of each individual in providing generous exit packages and help finding a new job.”

“The job cuts will cost between $10m and $20m in severance pay, while the restructuring will cost between $5m and $15m,” Twitter said in a statement.

Shares of Twitter rose by two per cent in pre-market trading on Tuesday following the announcement.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -