Twilio to lay off about 1,500 employees, or 17% of its workforce

Twilio on Monday introduced plans to chop round 17% of its workforce, or roughly 1,500 jobs based mostly on the 8,992 workers reported as of Sept. 30, 2022, in an organization submitting with the Securities and Exchange Commission. Twilio introduced the layoffs in a weblog publish shared on its web site.

The announcement got here after the cloud communications software program maker already laid off round 11% of its workforce as a part of a restructuring plan in September.

In an electronic mail Monday to workers, CEO Jeff Lawson stated the extra cuts have been pushed by the necessity to reorganize Twilio so as to succeed. “These changes hurt,” Lawson wrote. “The weeks ahead will be about processing all this change and working together to acclimate to our new structure.”

Shares of Twilio have been up greater than 2% in morning buying and selling Monday.

Lawson stated Twilio is forming two business models to assist the corporate spend much less and turn into extra environment friendly. One unit, Twilio Data & Applications, will likely be led by Elena Donio, and the second unit, Twilio Communications, will likely be led by Khozema Shipchandler. Lawson stated that when executives have been these two business models, it was clear the corporate had gotten “too big,” significantly in communications.

Lawson stated it’s clear that Twilio wanted to hold out “significant structural changes” so as to higher execute its technique.

“It is painful to part ways with so many talented people – but it’s necessary to get our two businesses into the right shape to succeed,” he stated.

Twilio is certainly one of greater than a dozen tech corporations to announce layoffs in latest months. Last week, Dell, Zoom and eBay disclosed important cuts to their workforce. In January, Google revealed plans to put off greater than 12,000 staff, Microsoft introduced plans to chop 10,000 workers and Salesforce stated it deliberate to lay off 7,000 staff.