Twitter Company, which owns microblog’s service plans to fire a large number of its employees.

An amount of the fired people may be proclaimed this week. According to preliminary data, it will be laid off 300 employees. This is 8% of the total number of people. It is expected that intelligence will appear on a general review after the announcement of information on the company’s earnings for this year.

Last year a few hundred employees have been fired of Twitter. The company tries to cut its expenditures for increasing a profitability of the business.

This situation was caused by a fall of prices for the company’s shares. The investors have doubts about the prospects of the development of this social network. Those companies, which previously wanted to buy Twitter, today do not hurry to put a price. The Walt Disney,, and Alphabet are among them.