Twitter will be laying off a number of its workers as part of an overall restructuring of the social networking company. In a filing with the US Securities and Exchange Commission, it said that it plans to lay off up to 336 team members, or about 8 percent of its total work force.
Twitter says it expects the total amount of its restructuring expenses will be between $5 million to $15 million. The decision comes just eight days after the company named its co-founder Jack Dorsey to be its new CEO.
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