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Jim Cramer on Twitter CEO Dorsey's First Major Move — Action Alerts PLUS By Jack Mohr | Oct 13, 2015 | 05:14 PM EDT

The following commentary was originally sent to Action Alerts PLUS subscribers on Oct. 13, 2015, at 2:16 p.m. ET.

In Jack Dorsey's first major move as CEO, Twitter (TWTR - Get Report) announced it is cutting 8% of its workforce -- 336 employees -- in an attempt to create a leaner, more focused company. An email from Dorsey indicated that most of the layoffs are coming from the product and engineering side, as the company feels that both would move faster with smaller and nimbler teams, while still remaining the biggest percentage of Twitter's workforce. Management plans to invest the resulting savings in its most important priorities to drive growth. (Twitter is part of TheStreet's Action Alerts PLUS portfolio.)

This morning, Twitter filed...


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