Twitter Planning Company-wide Layoffs: Report

By MarketWatch Pulse

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.

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