Twilio: Twilio to cut about 1,500 jobs in second round of layoffs – Times of India

Twilio has become the latest technology company to cut 17% of its workforce, or roughly 1,500 jobs. Twilio, which provides programmable communication tools to companies, laid off around 11% of its workforce as part of a restructuring plan in September last year.
The company had 8,992 employees as of September 30, 2022.
In an email to employees, CEO Jeff Lawson said the second round of cuts are driven by the need to reorganise Twilio in order to succeed. “These changes hurt. The weeks ahead will be about processing all this change and working together to acclimate to our new structure,” he said.
“This is upsetting to be sure, so I want to share with you the reasons for making this tough decision, as well as some other changes,” the CEO added.

Two business units at Twilio
Lawson said that the company has to spend less, streamline, and become more efficient. “To do that, we’re forming two business units: Twilio Communications and Twilio Data & Applications,” he said.
Twilio Data & Applications will be led by Elena Donio, and Twilio Communications will have Khozema Shipchandler at the helm. Both these units will include Sales, R&D, and operational resources, and each will be empowered to optimise based on the needs of their respective customers and businesses.
“It is painful to part ways with so many talented people – but it’s necessary to get our two businesses into the right shape to succeed,” he said.

What will parting employees get
Employees working in the US will be eligible for 12 weeks of base pay, plus one week for every year of completed service at Twilio, continued health coverage, career resources, and other support to help with your transition. You’ll also receive the full value of Twilio’s February 15 vest.
Those working outside the US will be eligible for at least 12 weeks of base pay, plus one week for every year of completed service at Twilio, career resources, and other support in line with local practices.
“You’ll also receive the full value of Twilio’s February 15 stock vest. Outside the US, there is a broad range of employment laws, and we’ll take great care to guide these Twilions and their managers through these processes, such as required consultation periods,” the CEO added.