Twilio to lay off 17% staff, close offices to focus on profitability

Cloud communications firm Twilio Inc stated on Monday it was eliminating about 17% roles and shutting some places of work as a part of a restructuring effort to deal with profitability.

The transfer, which is the second occasion of job cuts in six months, despatched the corporate’s share up 2%.

As a part of the restructuring, Twilio will divide the operations into two items – Twilio Data and Applications and Twilio Communications, in line with a weblog submit on Monday.