Tullow Oil to cut a third of staff after shares pummelled
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FLORENCE, Italy (Reuters) - Tullow Oil plans to cut a third of its staff to save about $20 million (15.33 million pounds), a source with direct knowledge of the matter said, after the firm was hit by weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana.The British energy firm's shares rose by as much as 2.5% following the news, after losing 75% of their value since November. By 1142 GMT, the stock was up 2.1%, compared with a 1.9% gain for the broader..