Cloud communications software maker Twilio lays off 17% of the workforce.
On Monday, Twilio, a cloud communications software maker, announced that it is cutting approximately 17% of its workforce to streamline operations and become more efficient. This new round of job reductions comes after the company cut about 11% of its staff back in September 2022 as it works to drive profit and growth.
According to Twilio CEO Jeff Lawson, these latest cuts are driven by the need to organize the company differently for success and to enact a new structure. Affected U.S. employees will receive 12 weeks of base pay and continued health coverage.
As part of the broader restructuring and cost-cutting effort, Twilio is also cutting worker perks like “wellness allowances” and “Twilio Recharge,” a paid sabbatical program. Additionally, the company is closing offices as it shifts to remote work and upping travel budgets to allow employees to see each other more often.
The layoffs at Twilio are part of a broader trend of recent job reductions sweeping Silicon Valley, with companies such as Amazon, Alphabet, Meta, and Spotify all cutting staff amid economic strain and uncertainty.
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