Twilio to lay off 11% of workforce 

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According to a filing, as part of a significant reorganization plan, Twilio would let go of 11% of its personnel.

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The strategy is to increase operating margins, boost sales, and lower operational expenses.

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According to a filing with the SEC made on Wednesday, Twilio plans to restructure its staff significantly by terminating 11% of its employees.

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As of December 31, 2021, Twilio employed 7,867 people.

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The restructure intends to increase operating margins, increase selling capacity, and lower operational expenses. 

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The cloud communications software developer has been working toward profitability in 2023.

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Twilio CEO Jeff Lawson explained in a letter to colleagues that the firm made the decision to reduce headcount in order to operate more effectively and match investments with goals.

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He said the decision was “extremely difficult,” but also “wise and necessary.”

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