Twitter to cut jobs as revenue growth slows | BBC News


Twitter is cutting 9% of its workforce – about 350 jobs – after reporting a sharp slowdown in revenue growth.

In the three months to September, revenues rose 8% to $616m. That was better than forecast, but lower than the 20% rise in the previous quarter.

The number of average monthly active users rose 3% to 317 million.

Last month, Twitter hired bankers ahead of a possible sale, but bids from potential suitors such as Google and Salesforce failed to materialise.

Shares in Twitter fell 7% earlier this month after Salesforce – considered to be the most likely bidder – said it had walked away from talks.

Jack Dorsey, chief executive, said he saw a “significant opportunity to increase growth” as the company improved the platform.

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