Twitter Co-Founder and Chairman and Square CEO Jack Dorsey speaks onstage during "From 7 Dwarves to 140 Characters" at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on October 9, 2014 in San Francisco, California.
Kimberly White—Getty Images for Vanity Fair
By Alex Fitzpatrick
October 13, 2015

Twitter announced Tuesday that it’s laying off more than 300 employees, representing about 8% of the company’s workforce.

The move, expected after a Re/code report last week, comes shortly after Twitter co-founder Jack Dorsey was named permanent CEO. Dorsey was previously serving as interim CEO after Twitter’s former chief executive, Dick Costolo, left in July.

In a letter to Twitter employees, Dorsey framed the layoffs as a means to refocus the company’s efforts. “The roadmap is also a plan to change how we work, and what we need to do that work,” he wrote.

Here’s Dorsey’s letter in full:

 

Write to Alex Fitzpatrick at alex.fitzpatrick@time.com.

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