Twitter has created a lot of news recently amidst its ongoing efforts to reinvigorate growth. This week was no different and saw the layoff of about 8% of the company?s workforce, along with the appointment of a key Google executive to the role of Chairman. We believe both these developments could work in favor of the company over the long run. This is as the layoffs indicate that the new leadership can take the much-needed aggressive and audacious measures required to fasten the pace of innovation in the company. Plus, the addition of Omid Kordestani will add valuable experience to the Twitter team, and increase the likelihood of its successful turnaround, in our view.
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