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Pandora Moving Higher On Plans To Cut 5% Of Workforce

Shares of Pandora Media (P) are extending a recent move to the upside during trading on Thursday, climbing by 6.7 percent. With the gain, Pandora has reached its best intraday level in almost a month.

The advance by Pandora comes on news the music streaming services plans to cut about 5 percent of its workforce as part of an organizational restructuring.

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