Cloud communications software maker Twilio is cutting 17% of its workforce, or roughly 1,500 positions, as part of another companywide restructuring.
To cut costs and increase efficiencies, the company is dividing its operations into two new business units, Twilio Data & Applications and Twilio Communications.
- In
a memo to staff, CEO Jeff Lawson said Twilio needs to make "significant
structural changes" in order to execute its strategy better.
- These
include layoffs as well as some office closures and the elimination of
perks, such as a books allowance and paid sabbatical program.
- Twilio previously laid off 11% of its workforce, or about 900 employees, in September.
- At
the time, Lawson attributed the move partially to a lack of focus on
core priorities and Twilio’s rapid expansion in recent years, saying it
"was too fast."
- The customer engagement platform, known for its direct-to-consumer text messaging services, also owns toll-free messaging services provider Zipwhip and data security platform Ionic Security.
- The cuts add to the growing number of layoffs at U.S. tech companies as they grapple with a slowdown in growth and economic uncertainty.
- Dell, eBay, and Zoom were the latest to announce workforce reductions last week.
