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Twitter is looking to trim costs. The company may soon cut 8 percent of its workforce, or about 300 people, Bloomberg reported Monday citing anonymous sources. 

The news comes after Twitter failed to secure a bid from a potential suitor. Disney, Salesforce and Google were interested in Twitter but later dropped their efforts, some reportedly citing concerns with the site’s abuse problem.

The same percentage reduction in staff hit the network exactly a year ago shortly following cofounder Jack Dorsey’s return as CEO. Dorsey said the company, which had more than 4,100 employees at the time, could benefit from a leaner engineering team. Read more…

More about Jack Dorsey, Google, Business, Twitter Layoffs, and Twitter

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