Twitter cuts 8% of its workforce

Jack Dorsey is in at Twitter and 336 people are out.

In his first move since becoming permanent CEO last week, the Twitter Inc. (NYSE: TWTR) co-founder laid off 8 percent of the company’s workforce in an effort to prioritize.

CNNMoney reports in an email to employees with the subject line "a more focused Twitter," Dorsey said the layoffs will be difficult, but they will "put our company on a stronger path to grow."

"This isn't easy. But it is right," Dorsey said. "The world needs a strong Twitter, and this is another step to get there."

The social media company’s product and engineering teams will receive the majority of cuts.

Read more from CNNMoney.