Twilio to lay off 11% of the workforce – As per the SEC filing, Twilio is going to lay off 11% of its workforce as part of a major restructuring plan. Twilio had 7,867 employees as of December 31st, 2021. The main purpose of this is to improve operating margins, create a better selling capacity and reduce operating costs.
- Twilio will incur between $70 million and $90 million in charges related to the restructuring plan.
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