Report: Twitter planning ‘hundreds’ of job cuts as soon as this week

A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica, Bosnia and Herzegovina on January 26, 2016. REUTERS/Dado Ruvic/Illustration/File Photo

Citing “sources familiar with the matter,” today’s report says that Twitter is planning to cut about 8 percent of its workforce, which is around 300 people.

While these plans are still “fluid and the number could change,” Jack Dorsey cut 8 percent of Twitter’s workforce last year when he took over as chief executive officer, so it’s not out of the realm of possibility Throughout the course of the past few weeks, it has been rumored that Twitter is exploring a possible sale to a handful of companies.

It’s certainly not out of the question that Twitter will announce a buyer this Thursday, but given the timing of its release and more recent reports, it seems that job cuts will be the company’s solution to its monetization struggles

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