Even if you have a tool, don't do it. You may get your account temporarily suspended for mass follow or mass unfollow. I use Tweepi for getting rid of people who don't follow me back.
Mass following/unfollowing could get your account suspended. Indeed, there are such services, but it’s better to be careful and do it individually.
Twitter's terms of service prohibit apps and services from automating following and unfollowing. The app or service could get suspended if discovered by Twitter. However, there are a few apps that make managing friend and followers much easier, including unfollowing mass amounts of people. My favorite of these apps is Friend Check
There is a script which allows you to do that, i have even tried it, but they added the protection to do not unfollow so fast, and i was not able to unfollow on twitter so fast due to that.