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Recode Daily: Twitter cuts its workforce and beats its Q3 numbers

Jack Dorsey is letting go of 350 people.

Annual Allen And Co. Investors Meeting Draws CEO's And Business Leaders To Sun Valley, Idaho Drew Angerer/Getty Images

Twitter is laying off about 350 people that's 9 percent of its workforce. Wall Street likes that news, along with Twitter's Q3 numbers, which beat expectations.— [Peter Kafka / Recode]

Apple will unveil its next-generation TV guide at its product event today (livestream starting at 10 am PT), but it won't include Netflix programming. The event will feature long-awaited updates to the MacBook lineup. Meanwhile, Apple announced a delay in shipping its wireless AirPod earbuds. — [Peter Kafka / Recode]

Tesla shares jumped more than 4 percent after the company surprised Wall Street with its first profit in eight quarters. The company shipped 24,821 vehicles in Q3, more than 300 above its target. — [Johana Bhuiyan / Recode]

Verizon is buying Vessel, the subscription video company started by former Hulu CEO Jason Kilar, for its technology and will shut the service down. — [Ina Fried / Recode]

Microsoft unveiled new products targeting creative professionals, including an all-in-one PC called the Surface Studio and the novel Surface Dial input device to go with it, along with an update to Windows 10 that features 3-D creation tools and support for a new line of VR headsets. — [Ashley Carman and Chaim Gartenberg / The Verge]

Snapchat will be looking to raise as much as $4 billion in an IPO early next year. The offering could value the company at $25 billion to $35 billion. — [Alex Barinka and Sarah Frier / Bloomberg]

Amazon is expected to report another strong quarter after the bell, with analysts forecasting a 29 percent year-over-year increase in revenue. Also reporting will be Google parent Alphabet — core ad revenue is expected to remain strong, but its side businesses look iffy. — [Ángel González / Seattle Times]

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