Twilio Plans to Cut 17 Percent of Staff in 2nd Wave of Layoffs

Twilio Plans to Cut 17 Percent of Staff in 2nd Wave of Layoffs
Twilio Inc. founder and CEO Jeff Lawson (C, wearing glasses) reacts after ringing the opening bell to celebrate Twilio's initial public offering at the New York Stock Exchange on June 23, 2016. Drew Angerer/Getty Images
Andrew Moran
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Twilio, a cloud-communications software maker, says it’s laying off about 17 percent of its overall workforce, according to a company blog post.

CEO Jeff Lawson wrote that the latest round of job cuts is necessary to reorganize the tech firm; he acknowledged that while “these changes hurt,” they are needed to ensure the business is successful.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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