Recode Daily: Twitter is planning to cut hundreds of jobs


About 300 layoffs could be announced this week.

Twitter is planning more job cuts as it continues to struggle with slow growth. The company may announce about 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]

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

Zenefits CEO David Sacks apologizes for parts of 1996 book he co-wrote with Peter Thiel that called date rape ‘belated regret’

It also took sharp aim at multiculturalism at Stanford University.

Connected devices are easily hacked. Why aren’t we holding manufacturers accountable?

We’ve allowed just about anyone to ship new attack vectors (a.k.a. IoT devices) with zero responsibility for making them secure.

The NBA is dishing up a zoomed-in TV feed so mobile viewers can actually see the game

The “mobile view” option will debut this season as an option for League Pass video subscribers.

The Mayo Clinic is putting money and research behind Vic Gundotra’s mobile heart-health startup

AliveCor’s mobile ECG device might be able to do more than just record your heartbeat.

‘Mr. Robot’ creator Sam Esmail likes VR. But he’s not going all-in on it.

Instead, Esmail says on the latest Recode Decode, VR should be one of many mediums for modern storytellers.

Google VR head Clay Bavor will headline An Evening with Code Mobile on November 10

The event will also feature Speakable CEO Jordan Hewson and Zipline founder Keller Rinaudo.

Salesforce force Benioff and Pinterest’s top creative guy will headline Code Enterprise

It’s the end of your work as you know it — will you feel fine?

This Is Cool

“Apple Introduces What It Calls an Easier to Use Portable Music Player”

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.”

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