Android Century
  • Home
  • Android Zone
    • Android Apps
    • Android Games
    • Apps APk Files
    • Games Apk Files
    • Apps Hack Tricks
  • Reviews
  • Fantasy Zone
    • Entertainment
    • Quotes and Status
    • Life Style
    • Home Made Tips
    • Hair Care
    • Skin Care
    • Fantasy Tips
  • Tricks
    • Free Recharge
    • Free Internet
    • shopping Cashback
    • Recharge Cashback
  • Tech
  • Mobiles
  • Gadgets
  • News
  • How To's
  • Software
Breaking
  • How to Take Great Photos With Apple's iPhone X
  • Samsung Galaxy S9+ Review
  • Asus VivoBook 15 (X510UA) Review
  • Xiaomi Redmi 5 with 18:9 display
  • Vivo V9 with dual rear cameras
  • Xiaomi Redmi 5 launch
  • Vodafone partners with Tecno to offer Rs 2200 cashback
  • LG G7 with iPhone X-like notch
  • Oppo F7 India launch confirmed
  • Alcatel 1x with Android Oreo (Go edition) announced in India
  • Huawei P20, P20 Pro, P20 Lite price
  • Xiaomi MIUI 9 global stable ROM rolling out for all smartphones
  • Nokia 9 to sport iPhone X-like notch
  • Samsung Galaxy S9 passes scratch
  • Huawei Y9 2018 with four cameras, 4000mAh battery launched
  • OnePlus 5T gets Android 8.1 Oreo in open beta 4
  • Samsung Galaxy Note 9 won’t get under-display fingerprint scanner
  • Oppo F7, Mi Mix 2S, LG G7 and more
  • Oppo F7 with iPhone X-style notch to launch
  • Motorola could cancel Moto X5, layoffs hit Chicago office

Featured post

How to Take Great Photos With Apple's iPhone X

Recent Posts

Labels

  • Android Apk Files
  • Android Apps
  • Android Games
  • Apps Apk Files
  • Entertainment
  • Fantasy Tips
  • Gadgets
  • Hair Care
  • HomeMade Tips
  • How To's
  • News
  • Quotes
  • Quotes & Status
  • Recharge Cashback
  • Recharge Promo Codes
  • Shopping Cashback
  • Technology
  • skin care
Home / News / JOBS - Twitter to cut jobs as losses mount

JOBS - Twitter to cut jobs as losses mount

Latest Govt. Jobs 18:43:00 News Edit
NEW  YORK: Twitter announced plans Thursday to cut 9% of its workforce as the struggling social network reaffirmed its strategy to drive growth after failing to find a buyer.


"We see a significant opportunity to increase growth as we continue to improve the core service," chief executive Jack Dorsey said while releasing quarterly results showing more losses.

"We have a clear plan, and we're making the necessary changes to ensure Twitter is positioned for long-term growth."

Twitter reported a net loss for the quarter of $103 million, compared with a $132 million loss a year earlier. Revenues meanwhile grew 8% to $616 million, most of that from advertising.

The key metric of monthly active users rose only modestly to 317 million from 313 million in the prior quarter -- a growth pace which has prompted concerns over Twitter's ability to keep pace in the fast-moving world of social media and attain profitability.

Twitter said the restructuring "is intended to create greater focus and efficiency" and help move toward profitability in 2017.

Twitter was widely reported to be in talks to sell the one-to-many messaging service, and it held meetings with Google parent Alphabet and cloud computing giant Salesforce. But no deal materialized and Salesforce said Twitter was not a good fit for the group.

'Trending positive'

Even though Twitter has never posted a profit, Dorsey said the results show positive signs.

"The key drivers of future revenue growth are trending positive, and we remain confident in Twitter's future," he said.

The cuts would amount to about 350 jobs based on the Twitter website's headcount of 3,860 employees worldwide. Twitter will incur a charge of $10 million to $20 million for the reorganization.


Twitter shares jumped more than five percent in pre-market trades, after the results topped most analyst forecasts and after one financial blog reported that Walt Disney had reopened talks on an acquisition.

In a conference call with analysts, Dorsey declined to comment on the speculated, saying only: "Our board is committed to maximizing long-term shareholder value."

Twitter's 2013 public offering was among the most anticipated in the sector, but after a brief rise, the shares have been slumping. Based on its most recent share price, Twitter's market value is some $12 billion.

Dorsey, one of the co-founders of the messaging platform, returned as CEO last year as part of an effort to revive growth.

Under Dorsey, Twitter added new services such as live video including partnerships with major sports organizations and new advertising options. Twitter has drawn large audiences for events such as the US presidential debates and NFL football games.


"This strategy is working," Dorsey said, claiming that Twitter "hit an inflection point" in the second quarter.


Analysts remain cautious about Twitter's ability to break out of its rut and accelerate growth. It is far behind Facebook, which has an audience of over 1.7 billion, and Facebook-owned Instagram, with some 500 million.


The research firm eMarketer estimates Twitter's share of US social network users will decline to 28.1% this year and will continue to drop through 2020, as it loses users to Snapchat, Instagram and messaging apps.


According to eMarketer, around 16% of the US population uses Twitter compared to 51% for Facebook. On a worldwide basis, Twitter penetration is even lower at only 3.9%, according to the research group.
Share on Facebook Share on Twitter Share on Google Plus

RELATED POSTS


Xiaomi Redmi 5 launch

Vodafone partners with Tecno to off...

LG G7 with iPhone X-like notch
JOBS - Twitter to cut jobs as losses mount JOBS - Twitter to cut jobs as losses mount Reviewed by Latest Govt. Jobs on 18:43:00 Rating: 5

0 comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments ( Atom )

Search This Blog

TEST BOOK FOR GOVT ENTRANCE TEST

TEST BOOK FOR GOVT ENTRANCE TEST
Find All Latest book for preparation of SSC,RAILWAYBANK PO,RBI,BANK CLERK,GATE ME,GATE CE are available here in less prices, to check out the books click here

Translate

  • Popular Post
  • Random posts
  • Category

Popular Posts

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & Earn Offer:  Hey Guys! Today I make an article about Teen Patti Referral ...
  • Hands-on with the home windows 10 Creators update for the Xbox One: Beam recreation streaming arrives
    The Windows 10 Creators Update is here, now—yes,  now —but not (officially) on the PC. The ...
  • Taotronics TT-BH22 Headphones Review
    We make it a addiction to now not look up pricing of a product sooner than reviewing and if ...
  • Pentagon strongly condemns North Korea missile test
    The Pentagon on Monday strongly condemned North Korea’s latest missile test, adding that the ...
  • Bank wallets growing faster than e-wallets
    In the  bank  versus  e-wallets  sweepstakes,  lenders  have now gained lost ground. As of ...
  • Reliance Jio to offer sharp tariff discounts for customers signing up by March-end
    Reliance Industries' Jio unit will charge a tariff for its services from April, but will offer ...

Random Posts

  • Threats to Online Privacy: What a Trump Administration May Do to Cyberspace
    Threats to Online Privacy: What a Trump Administration May Do to Cyberspace
    17.02.2017 - 0 Comments
    This feature has been brought to you by IPVanish This is a follow-up to the story ‘How Trump’s…
  • Xiaomi Mi 5c powered by Snapdragon 625 coming; Mi 6 specs also leaked
    Xiaomi Mi 5c powered by Snapdragon 625 coming; Mi 6 specs also leaked
    04.02.2017 - 0 Comments
    Xiaomi has been rumoured to launch a new mid-end smartphone in the market, and looks like the device…
  • Google Maps APK Latest Version 9.20.1
    Google Maps APK Latest Version 9.20.1
    21.02.2016 - 0 Comments
    In Travel & Local by Developer Google Inc.(4.3/5 average rating on Google Play…
  • Helpchat HCAB – Get 100% Cashback On First Ola Or Uber Ride
    Helpchat HCAB – Get 100% Cashback On First Ola Or Uber Ride
    05.03.2016 - 0 Comments
    Helpchat has come up with a new offer. Now get 100% cashback on first Ola or Uber rider. This is an amazing…
  • US names Venezuelan VP Tareck El Aissami a major drug trafficker
    US names Venezuelan VP Tareck El Aissami a major drug trafficker
    14.02.2017 - 0 Comments
    Venezuela’s Vice-President Tareck El Aissami, right, is saluted by Boilivarian Army officer upon his arrival…

Labels

Android Apk Files Android Apps Android Games Apps Apk Files Apps Hack Tricks Entertainment Free Internet Freecharge Gadgets Games Apk Files How To's Laptops Guide Mobiles Reviews Technology Viral's android zone free recharge

Entertainment

Tricks

Popular Posts

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & ...
  • Steam Now Supports PS4's DualShock 4 Controller
    HIGHLIGHTS ...
  • Lenovo Yoga Book launched in India at Rs 49,990: First Impressions
    Lenovo  has ...
  • This $15 stand turns your Apple Watch into a mini Macintosh
    For all those  ...
  • Grow Hair Faster: How to Make Hair Grow Faster Naturally
    Every woman wants ...
  • MobiKwik - Update E-KYC & Get Rs. 100 Supercash
    MobiKwik - Update E-KYC & Get Rs. 100 Supercash
    Mobikwik - Update ...
  • Fitbit Flex 2017 review
    Fitbit PROS ...

Random Posts

  • Indian tab market falls 18 per cent in 2016: CMR
    Indian tab market falls 18 per cent in 2016: CMR
    05.03.2017 - 0 Comments
    Datawind retained the top position with 34 per cent market share, followed by Samsung (18 per cent), Pantel…
  • Symptoms & Treatments For Dry Skin Allergies
    Symptoms & Treatments For Dry Skin Allergies
    08.03.2016 - 0 Comments
    A supple, glowing and perfect skin is something we all desire, especially today’s youth. But due to various…
  • How to Enter Bootloader and Recovery Environments
    How to Enter Bootloader and Recovery Environments
    30.01.2018 - 0 Comments
    There are occasions when getting into Android’s bootloader or recovery systems is necessary—perhaps the…
  • Say cheese, with the hijacker
    Say cheese, with the hijacker
    31.03.2016 - 0 Comments
    A British man has shot to fame after clicking “the selfie of a life time” with the hijacker of the EgyptAir…
  • How to Turn Off the Handwriting Interface in iMessage
    How to Turn Off the Handwriting Interface in iMessage
    14.02.2017 - 0 Comments
    If you use your iOS device in landscape mode a lot, you’ve likely noticed that it swaps your keyboard…

Most Popular

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & ...
  • SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J ...
  • Top 5 Best SmartPhones under 7000 Rs (March 2017)
    Looking for the ...
  • Apple, IBM, Cisco are huge because of Indians, do not deny them H-1B visa: RBI Governor Urjit Patel
    ...
  • SAMSUNG GALAXY J7 (2016) Specifications
    SAMSUNG GALAXY J ...
  • BlackBerry Teases Marshmallow Beta Testing for Priv by Next Week
    Blackberry ...
  • LG Q6 Review
    LG Q6 Review
    2017 is ...

Contact Form

Name

Email *

Message *

Offers Zone

Created By Android Century Distributed by Android Century
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms of use
  • Advertise here
Subscribe Via Email Subscribe To Android Century By Email And Get Free Updates. ;-)


Your email address is safe with us!