Twitter cuts jobs in bid to meet profit target

Revenue and customer numbers beat expectations in third quarter

27th October, 2016
Twitter aiming to be profitable next year. Pic: Getty

Twitter has announced plans to cut 9 per cent of its workforce - around 300 people - as it released its third-quarter financial results.

The company reported revenue of $616m for the three-month period, 8 per cent ahead of the same period last year, but a slowdown from that period’s 58 per cent surge.

Twitter is relying on international revenue, which was up 21 per cent, for growth, as US revenue was little changed.

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