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Twitter says it plans to layoff 336 staff members and that accounts for 8% of the company's employees under its new CEO Jack Dorsey. The pending layoffs got many wondering if the tech company will stick to form and issue layoff letters in 140 characters. The cuts will come mostly from the product and engineering teams.  Twitter said these cuts are necessary in order to focus on the company's top product priorities and become more efficient. In an email to employees with the subject...
The persistent plunge in oil prices has translated into a new round of industry job cuts.The British oil giant BP is cutting some 4,000 of the approximately 24,000 jobs in exploration and production over the next two years amid sharp drops in the price of crude. That would be in addition to about 4,000 jobs that the company cut last year, when it trimmed its work force to about 80,000.The cuts in BP's upstream business globally will include the loss of some 600 jobs in the North Sea....

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