Report: Twitter to cut 8 percent of workforce

Twitter Inc., which has struggled to find a buyer as its sales growth slows and stock price sinks, could be set for a big round of layoffs this week.

Bloomberg reports that Twitter — which gained a sizable presence in downtown Boulder with its acquisition of Gnip — is planning job cuts that could amount to 8 percent of its workforce, or roughly 300 people. Bloomberg said the announcement could come this week.

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