"The restructuring is part of an overall plan to organize around the company's top product priorities and drive efficiencies throughout the company," Twitter said in a regulatory filing, adding that it "intends to reinvest savings in its most important priorities to drive growth."
The move came two weeks after the San Francisco-based firm brought back one of its co-founders, Jack Dorsey, as permanent CEO in hopes that he would be able to resolve the messaging platform's problems.
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