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Twitter to cut up to 8 percent of global workforce

(Reuters) – Twitter Inc said it would lay off up to 336 employees, or about 8 percent of its global workforce, as part of a plan to streamline operations. The layoffs, mainly in the company’s product and engineering functions, come about a week after the microblogging service provider appointed co-founder Jack Dorsey its permanent chief executive. “And the rest of the organization will be streamlined in parallel.” Shares of Twitter,

GE to sell $30 billion specialty finance business to Wells Fargo

The U.S. conglomerate has now inked $126 billion in transactions — more than half of its overall target — since announcing in April it would seek to reduce its GE Capital financing business to less than 10 percent of earnings as it focuses more on industrial manufacturing. GE Capital accounted for 42 percent of the company’s profit in 2014. Only one remaining significant GE Capital business in the United States