Heads Are Rolling at Twitter

Rumors are circulating that Twitter is planning company-wide layoffs next week.  The stock is under pressure so far today, down over 6% on the session.

Sentiment is mixed regarding this move to cut employees.  Twitter has not commented on the rumor.  You can imagine, overall, this sapping the morale inside the company.  It is unlikely an employee will produce their best work while the media gets first word of layoffs.

For a company who specializes in communication, you would think they could do a more effective job of handling information as sensitive as this.

Until this news is clearly disclosed, expect the share price to be pressured.