Twitter to lay off 336 employees; Yahoo bars employees from FanDuel-like online contests

More online video from across the Web:

> Twitter is laying off 8 percent of its workforce, or 336 employees, to cut costs. NYT article

> Hulu has found that even when SVOD viewers are watching aggregated content, they like to know what network created each series, suggesting TV brands still have meaning to audiences. Streaming Media article

> Linear TV will survive; Netflix is plain wrong, Colin Dixon says. nScreenMedia post

> Vimeo is staking more on original content plays. The Verge article

> In the blowback from the FanDuel and DraftKings insider scandal, Yahoo has barred its employees from playing any paid, daily contests on its own site. WSJ article (sub. req.)

> Major advertisers say that they're moving away from "messy" open programmatic exchanges, but they're still buying on them, simply because it's much cheaper to do so than negotiate direct agreements. WSJ article

And finally… Snapchat said it is shutting down Snap Channel, its foray into original content, permanently. Article

Suggested Articles

Quibi subs complain about the quality of the shows, the ease of use of the platform and issues with buffering and speed, according to Kantar.

Discovery's CEO said the company was putting finishing touches on bringing an aggregated direct-to-consumer product to the market.

The company says it will serve advertisers with a single transactional point of entry for its digital video content.