Twitter CEO Jack Dorsey announced Tuesday morning that the social media company would be eliminating a substantial number of employees in an effort to refocus the company’s energy.
In a letter to Twitter employees, the recently appointed CEO said that as many as 336 positions would be cut to restructure the workforce and streamline departments. The company employs 4,100 people worldwide.
“Product and Engineering are going to make the most significant structural changes to reflect our plan ahead. We feel strongly that Engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce. And the rest of the organization will be streamlined in parallel.” Dorsey wrote in the letter.
The move comes just more than a week after Dorsey took the reigns as the company’s permanent CEO. The company co-founder previously worked as the interim CEO before a board of directors' decision to make him official in early October.
Many following the leadership shift within the company predicted large layoffs following Dorsey’s title change.