Published October 9, 2015 5:35pm EDT | Updated October 9, 2015 7:04pm EDT

Twitter Planning Company-wide Layoffs: Report

Twitter Inc. is planning wide-ranging layoffs of its staff in the coming week, according to a report by Recode, citing multiple, unnamed sources. The report comes less than a week after Twitter named co-founder Jack Dorsey as permanent chief executive. Twitter told Recode it would not comment on rumor or speculation. Twitter shares fell 1.5% to $30.38 in after-hours activity.