Twitter the Social Media giant with its European HQ in Dublin has just announced a near $90 million loss for the most recent financial quarter.

Vine the six-second video app owned by Twitter is being discontinued .

From an Irish perspective the announcement that Twitter is to cut its Global workforce by 9% is a source of some concern.

Twitter is planning widespread cuts and the job cuts will be announced in the coming days.

Twitter employs more than 200 people at its EMEA headquarters in Dublin .

Twitter is loss making and this round of cuts is an attempt to control spending as sales growth slows.

Twitters losses and the 40% fall in its share price over the past 12 months have made it more difficult for the company to pay its engineers with stock .

Thie has amde it harder for Twitter to compete for Talent with rivals such as Google and Facebook.