Twitter to cut 9% of staff, plots new growth strategy
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NEW YORK - Twitter announced plans Thursday to cut nine per cent of its workforce as the struggling social network reaffirmed its strategy to drive growth after failing to find a buyer.
"We see a significant opportunity to increase growth as we continue to improve the core service," chief executive Jack Dorsey said while releasing quarterly results showing more losses. "We have a clear plan, and we're making the necessary changes to ensure Twitter is positioned for long-term growth."
