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The San Francisco-based company, BitTorrent seems to be in a bit of bother as its president and CEO quit this week, with reports that the company laid off 18 of its employees as well. This comes after the company laid off 20 percent of its staff in August. President and co-founder Ashwin Navin is leaving to start a project with a few other well-known tech executives, and CEO Douglas Walker left his post after an year at the desk; CTO Eric Klinker, takes his place now.