“So we have made an extremely tough decision: we plan to part ways with up to 336 people from across the company,” Dorsey said Tuesday in an SEC filing. He was named CEO of Twitter on Oct. 5.
Jack Dorsey starts this morning with a mildly apologetic tweet:
Made some tough but necessary decisions that enable Twitter to move with greater focus and reinvest in our growth. http://t.co/BWd7EiGAF2
— Jack (@jack) October 13, 2015
Twitter to laid-off employees will get packages that will cost between $10 million and $20 million, according to the company.
— Bart Teeuwisse (@bartt) October 13, 2015
Sigh. 😢 #Twitterlayoffs
— Simeon Franklin (@simeonfranklin) October 13, 2015
Before #Twitterlayoffs started, I said “Twitter’s bad at recognizing internal talent. They’ll lay off many great people.” Sadly, I was right
— Jeff Sarnat (@Eigenvariable) October 13, 2015
— Fedor Korotkov (@fedor) October 13, 2015
Twitter engineer shares her horrifying layoff tale: “The 37 minutes before I found a new job were the darkest moments of my life.”
— Chris O’Brien (@obrien) October 13, 2015
— Tomas Brennessl (@tbrennessl) October 13, 2015
Others followed suit:
— David Tobey (@detobey) October 13, 2015
Hi Tweeps being laid off today – many many ex Tweeps are rooting for you and will gladly hire you into our startups 🙂 please reach out!
— Mitali Pattnaik (@mitali) October 13, 2015
— Lindsay Elliott (@linds) October 13, 2015
New Startup Way :
If you’re a Twitter employee that got laid off and you want to apply to YC but need a few more days, email me and we’ll give you more time.
— Sam Altman (@sama) October 13, 2015