Since this round of Twilio layoffs are being reported as the second round of mass layoffs, all eyes are also on the profitability of the company
Twilio layoffs are here. In another round of mass layoffs, cloud communications company Twilio Inc has reportedly announced that it would lay off 17 per cent of its workforce, making it one of the first tech company to announce another round of tech layoffs.
As per a report in Livemint, Twilio layoffs would be followed by the company closing some offices as a part of its restructuring move. In order to focus on and increase profitability, the layoffs at Twilio are being seen as a strategic move.
“We have to spend less, streamline, and become more efficient.....The communications division had especially become too big.......Compared with the September-announced layoffs, today’s reduction is more about reorganization,” Livemint quoted Jeff Lawson, CEO, Twilio’s blog post.
Further reasoning the layoffs, Twilio’s CEO reportedly also added that the two parts of the company’s business – communications and software – were at different lifecycle stages and were looking at different operating needs.
Since this round of Twilio layoffs are being reported as the second round of mass layoffs, all eyes are also on the profitability of the company. For the unversed, in September too, the tech company announced that it would sack 11 per cent of its employees.
As per several media reports, Twilio’s headcount of employees with pink slips have now increased to over 2,000.
Twilio layoffs are an addition the spree of mass layoffs being witnessed globally in the event of an economic slowdown. What started from tech companies, slowly spread to other sectors as well and as per experts, may continue throughout 2023.