Twitter could lay off employees in wake of crumbled bid
Publish Time: 16 Oct, 2016
In the wake of a crumbled deal over a potential bid for Twitter, analysts are now estimating that the ailing company could cut 10% of its workforce, the Financial Times ( FT Weekend, print) reports. As Twitter may need to get its cost structure in line, the layoffs are likely to be from the sales and marketing departments where the company spent 39% of its revenue -as opposed to, for example, Facebook's 14%.
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