Twilio stock rallies after communications software company says it will lay off 17% of its employees, five months after announcing an 11% staff reduction Read More...
The Wall Street Journal
Twilio to Lay Off 17% of Workers in Second Round of Cuts
Twilio said it is laying off about 17% of its employees, its second round of job cuts in about five months, and reducing certain employee perks as the cloud-communications company moves to give priority to profit over growth. Chief Executive Jeff Lawson said Monday that the company is reorganizing into two business units: Twilio Communications and Twilio Data & Applications. Twilio had 8,992 employees on Sept. 30, 2022, before the impact from its first round of layoffs, up from 3,060 employees on March 31, 2020, according to regulatory filings.
