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Twitter Laying Off 8% of Workforce

Twitter, facing slowing user growth, said it will lay off about 8% of its global workforce. The company said it expects to incur a $10 million to $20 million cash charge for severance costs associated with the layoffs. The job cuts will most heavily affect Twitter’s product and engineering teams. http://variety.com/2015/digital/news/twitter-layoffs-8-percent-1201616601/ #EntertainmentBiz

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