Twitter’s not had a great time of it lately, with several would-be suitorsdeciding that they didn’t want to buy the burgeoning social network anyway. Now, the company has announced its latest financial results and a restructuring plan in the hope of making itself profitable by 2017. The headline initiative will be to hack back nine percent of the company’s workforce — around 350 employees. It mirrors a similar move Dorsey made in October 2015 when he fired 336 people from the company in order to cut costs. Twitter expects that the layoffs will cost between $10 and $20 million to cover severance fees. – READ MORE
