Twitter is planning to announce this week it will lay off about 8 percent of its workforce, according to a report Monday night by Bloomberg News. That would be about 300 people. Twitter announced a similar number of job cuts last October, after Jack Dorsey reclaimed his spot as CEO. Twitter will report quarterly earnings Thursday morning, but Bloomberg said the cuts may be announced before that. Twitter shares are down more than 20% year to date, and the money-losing company been the subject of merger speculation with a number of companies in recent months.
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