11% of Twilio’s workforce will be laid off | Twilio CEO

Twilio can lay off St Martin’s Day of its force as a part of a serious restructuring set up, consistent with associate degree SEC filing printed weekday.

Twilio had seven,867 staff as of Dec. 31, 2021.

The cloud communications software system builder has been endeavor for profit in 2023, and also the restructuring aims to boost in operation margins, produce a more robust merchandising capability and scale back in operation prices.

11% of Twilio's workforce will be laid off | Twilio CEO
Source – 11% of Twilio’s workforce will be laid off | Twilio CEO

In a letter to staff, Twilio chief executive officer Jeff Lawson aforementioned the corporate determined to put off workers so as to run a lot of with efficiency and to align the company’s investments with its priorities. He aforementioned the choice was “extremely troublesome,” however additionally “wise and necessary.”

“Twilio has grownup at Associate in Nursing astonishing rate over the past couple years. it had been too quick, and while not enough specialise in our most significant company priorities,” Lawson same within the letter. “I take responsibility for those selections, furthermore because the tough call to try and do this closedown.”

Lawson same the workers wedged square measure in areas of the corporate will which operate additional with efficiency and wherever customers can “succeed while not the maximum amount human intervention.”

11% of Twilio's workforce will be laid off | Twilio CEO
11% of Twilio’s workforce will be laid off | Twilio CEO

Twilio same it expects to incur between $70 million and $90 million in charges associated with the restructuring set up.

Shares of Twilio closed up 100 percent on weekday.



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