One Of The Biggest Media Platforms Just Got BAD News… New Tech Bubble?

Twitter

It’s safe to say today isn’t an awesome day to be working at Twitter. The social network on Tuesday announced it is laying off 336 people, or about 8 percent of its 4,100 employees around the world.

The move comes just a week after Twitter co-founder Jack Dorsey (pictured) was named permanent CEO.

I love the logic, it is used all over the corporate world. “By eliminating people it will make us stronger” – Translation: “By eliminating people in the short term it will mean we will be closer to our quarterly stock target and bonuses can be paid.”

Twitter quickly became a global sensation after its launch in 2006, but the social media platform’s growth has slowed and it has yet to turn a profit.

Dorsey ran Twitter in 2007-2008 and served as interim chief executive for the third quarter after Dick Costolo resigned in June. How many of you use Twitter while you are on the go? Do you think this will affect the success of the platform going forward? Do you think Twitter’s time is done?

Share your thoughts in the comment section below and add this story to your facebook/twitter timeline to inform everyone.

H/T – Variety, BBC

Wayne is a freelance writer who was named the 2015 American Conservative Union Blogger of the Year and awarded... More about Wayne Dupree

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