New Twitter chief executive Jack Dorsey has moved quickly to make – in his words – “some tough but necessary decisions that enable Twitter to move with greater focus and reinvest in our growth”.

If you’re thinking that means layoffs, you’d be right: up to 336 people will be losing their jobs at Twitter, which amounts to around 8% of its workforce.

“We feel strongly that Engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce,” explained Dorsey in a memo to staff.

“And the rest of the organisation will be streamlined in parallel… This isn’t easy. But it is right. The world needs a strong Twitter, and this is another step to get there.”

Wall Street approved, with the company’s share price rising following the news – although the announcement that Twitter’s next quarterly revenues will be higher than expected at $545m-$560m helped on that score.

Dorsey’s next job following cutting costs is to reignite user growth: something that will be a slower process.

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