Twilio to lay off 11% of workforce
Twilio will lay off 11 of its pool as part of a major restructuring plan, according to an SEC form published Wednesday.
Twilio had 867 workers as of Dec. 31, 2021. The pall dispatches software builder has been seeking for profitability in 2023,
and the restructuring aims to ameliorate operating perimeters, produce a better selling capacity and reduce operating costs.
In a letter to workers, Twilio CEO Jeff Lawson said the company decided to lay off staff in order to run more efficiently and to align
the company’s investments with its precedents. He said the decision was “ extremely delicate, ” but also “ wise and necessary.”
“Twilio has grown at an astonishing rate over the past couple of times. It was too presto, and without enough focus on our most important company precedents,”
Lawson said in the letter. “I take responsibility for those opinions, as well as the delicate decision to do this layoff.”
Lawson said the workers impacted are in areas of the company that can operate more efficiently and where guests can “ succeed without as important mortal intervention.”
Twilio said it expects to dodge between$ 70 million and$ 90 million in charges related to the restructuring plan. Shares of Twilio closed over 10 on Wednesday.