Twitter to Cut 8% of Workforce In Bid to Save Cash
Oct 13, 2015, 8:41 AM by Eric M. Zeman
Twitter today revealed plans to cut 336 workers, or about 8% of its employees. The cuts come just a week after co-founder Jack Dorsey was re-named CEO. At the end of June, Twitter had some 4,100 employees worldwide, half of whom were engineers. The layoffs chiefly target the engineering department. "We feel strongly that engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce," said Dorsey in a letter to employees. "And the rest of the organization will be streamlined in parallel." Twitter has failed to increase its user base significantly in recent quarters. It has about 316 million active monthly users, but growth has slowed to 2.6%. Earlier this month, Twitter introduced a new feature called Moments, which are meant to help novice and advanced users alike discover and follow trending news or events.
Wall Street Journal »
May 27, 2020
This summer, Samsung will launch Samsung Money by SoFi, a new financial product integrated with Samsung Pay. Like Apple Card, Samsung Money can be used as a payment method with the wallet app (Samsung Pay), the account is managed within the wallet app, and the product also includes a physical payment card.
Dec 10, 2020
T-Mobile today launched the Inseego 5G MiFi M2000, a 5G mobile Wi-Fi hotspot that supports both low-band 5G (for maximum coverage) and mid-band 5G for faster data speeds in major cities. T-Mobile also launched four new hotspot data plans that include 5G, ranging from $20 to $50.
Nov 16, 2020
Samsung's Galaxy XCover Pro is now available from AT&T for $510. The phone was first launched by Samsung at the start of the year as an unlocked phone for use on the Verizon network.
Dec 1, 2021
Qualcomm will make a big push to bring high-speed mmWave 5G to more affordable phones in 2022, according to comments made by CEO Cristiano Amon during a Q&A session at the company's Snapdragon Summit event in Hawaii today. For a phone to support mmWave 5G, multiple specialty antenna modules need to be added, which can raise a phone's price by $50 – 100.