Twitter is planning more job cuts as it continues to struggle with slow growth. The company may announce as many as 300 layoffs, about 8 percent of its workforce, ahead of its earnings report Thursday. It made similar cuts this time last year. — [Sarah Frier / Bloomberg]
Recode Daily: Twitter is planning to cut hundreds of jobs
About 300 layoffs could be announced this week.
Apple’s streak of annual revenue and net income gains, dating back to 2001, is expected to end when the company delivers its fiscal Q4 results today, and investors will be closely watching iPhone sales and guidance for signs of a return to growth. — [Ina Fried / Recode]
The New York Times is shelling out more than $30 million for The Wirecutter, a five-year-old consumer guide for electronics, and sister site The Sweethome, which does the same for household goods. — [Peter Kafka / Recode]
As AT&T made the case for its $85.4 billion purchase of Time Warner, the stock market signaled its doubts, sending AT&T’s stock down 1.7 percent and dropping Time Warner 3.1 percent to $86.74, about 18 percent below the deal value. — [Thomas Gryta / Wall Street Journal]
Otto, the self-driving truck company that Uber bought in August, has made the first autonomous commercial freight delivery, hauling a load of Budweiser 120 miles to a weigh station in Colorado. — [Johana Bhuiyan / Recode]
On the latest episode of Recode Media with Peter Kafka, Defy Media President Keith Richman says he’s thinking of taking some of his popular online properties — like Smosh, ScreenJunkies and Clevver — to TV, because that’s where the money is. — [Eric Johnson / Recode]
Top Stories From Recode
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This Is Cool
The New York Times covers the introduction of the iPod, 15 years ago: “While industry analysts said the device appeared to be as consumer friendly as the company said it was, they also pointed to its relatively limited potential audience.”
This article originally appeared on Recode.net.
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