Twitter The company announced plans to cut 9% of staff during the year as part of restructuring, designed to improve the efficiency of Twitter.
According to CEO Jack Dorsey, Twitter, the company will focus on the development of the main divisions of the company.
"We have a clear plan, and we will implement the necessary changes to ensure the long-term growth of Twitter," - Jack Dorsey said.
On plans to reduce staff, the company announced at the same time with the publication of the financial statements for the third quarter of this year. According to the report, quarterly revenues grew by 8% - to 616 million dollars. The company's losses over the past three months fell by 22% to 103 million dollars.
Recently, microblogging service Twitter has to compete with other social networks and messengers, especially with Facebook, Instagram and Snapchat.