As reported late last week, Twitter has announced that it would be releasing 336 employees. Also as was reported, the layoffs are meant to allow for the company to operate more efficiently and focus on larger projects.
What those larger projects remains to be seen, but to slice 8-percent of your employees the projects in mind must be significant. These projects could be something like new features—that users will probably use, not use, or not even notice—or expanding the brand and into areas outside of social networking in a way similar to Facebook.
Since this is a case of making things run more smoothly and quickly, the cuts focus on the product and engineering teams—especially engineering. Twitter will be paying out tens of millions in “exit packages” and will also assist those released in job placement.
There’s been no mention that Twitter will be going through with further layoffs, but with the company still being left with a pretty hefty roster of over 3,700 it can’t be counted out. You can read CEO Jack Dorsey’s statement to employees on the layoffs here.