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Twitter could lay off employees in wake of crumbled bid

Oct, 16, 2023 Hi-network.com
In the wake of a crumbled deal over a potential bid for Twitter, analysts are now estimating that the ailing company could cut 10% of its workforce, the Financial Times (FT Weekend, print) reports. As Twitter may need to get its cost structure in line, the layoffs are likely to be from the sales and marketing departments where the company spent 39% of its revenue -as opposed to, for example, Facebook's 14%.

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