Reports have surfaced that Twitter is planning to layoff over 4,000 staff members and cancel a major expansion to their San Fransisco headquarters. The reason behind these cuts – spearheaded by the company’s new CEO – are an effort to curb rising operating costs and a lower stock price.

How will this affect users of the popular social media site and its plan to move beyond the 140 character limit is unclear at this time. Recently Twitter has talked about expanding the amount of characters – giving users more room to express themselves.

Do you use a lot of Twitter, readers? I’m a bit of a Social Media junkie with well over 12,000 tweets to my name. I’ve made some of my very best friends via Twitter and I’m sad to see a lot of people about to lose their jobs 🙁

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