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:
See What Your Twitter Profile Looked Like Over the Last 10 Years
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- The Revolution of Yulia Navalnaya
- 6 Compliments That Land Every Time
- What's the Deal With the Bitcoin Halving?
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com