<p>Twitter will lay off employees next week as freshly-returned chief Jack Dorsey pushes for a leaner operation focused on winning users, tech news website Re/code has reported.<br /><br /></p>.<p>Layoffs will be spread across the entire San Francisco-based company and will likely include engineers, which account for about half of Twitter's approximately 4,200 employees, according to Re/code.<br /><br />The job cuts reportedly come as engineering teams are being reorganised at the one-to-many messaging service.<br /><br />Re/code cited unnamed sources in its yesterday's report, while Twitter declined to comment on what it referred to as rumour and speculation.<br /><br />Twitter is betting that the second coming of co-founder Dorsey as chief executive will bring blockbuster growth that has eluded its grasp and disappointed investors.<br /><br />Dorsey, who had been interim CEO since June, returned permanently to the helm last week while also remaining chief executive of Square, the digital payments firm he founded.<br /><br />He is returning to Twitter as the company struggles to expand its user base above 300 million people.<br /><br />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.<br /><br />Dorsey ran Twitter in 2007-2008 and served as interim chief executive for the third quarter after Dick Costolo resigned in June.<br /><br />Twitter shares slipped nearly four percent to USD 29.74 in after-market trades.</p>
<p>Twitter will lay off employees next week as freshly-returned chief Jack Dorsey pushes for a leaner operation focused on winning users, tech news website Re/code has reported.<br /><br /></p>.<p>Layoffs will be spread across the entire San Francisco-based company and will likely include engineers, which account for about half of Twitter's approximately 4,200 employees, according to Re/code.<br /><br />The job cuts reportedly come as engineering teams are being reorganised at the one-to-many messaging service.<br /><br />Re/code cited unnamed sources in its yesterday's report, while Twitter declined to comment on what it referred to as rumour and speculation.<br /><br />Twitter is betting that the second coming of co-founder Dorsey as chief executive will bring blockbuster growth that has eluded its grasp and disappointed investors.<br /><br />Dorsey, who had been interim CEO since June, returned permanently to the helm last week while also remaining chief executive of Square, the digital payments firm he founded.<br /><br />He is returning to Twitter as the company struggles to expand its user base above 300 million people.<br /><br />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.<br /><br />Dorsey ran Twitter in 2007-2008 and served as interim chief executive for the third quarter after Dick Costolo resigned in June.<br /><br />Twitter shares slipped nearly four percent to USD 29.74 in after-market trades.</p>