"Twilio cuts 17% of its workforce just months after previous round of layoffs", 13 February 2023

Twilio just announced that it will be conducting a round of layoffs that will impact around 17% of its global workforce. The company will also restructure its internal organization and create two business units — Twilio Communications and Twilio Data & Applications.

Today’s news must be particularly difficult for Twilio employees as the company already conducted a round of layoffs in September, 2022. At the time, the company announced that it would lay off 11% of its staff.

According to Twilio’s latest earnings release, the company had 8,992 employees as of September 30, 2022 and expected to lay off 816 employees for the 2022 round of layoffs. Based on these figures, around 1,400 people will be impacted by this year’s layoffs.

The Communications side of the business seems to be particularly affected by today’s layoffs.

Affected employees will receive 12 weeks of base pay plus one week for every year of service, as well as health coverage and career resources. The company is also ending some benefits...

Paperwork filed with the U.S. Securities and Exchange Commission shows that the board will lower Jeff Lawson’s annual base salary from $134,000 per year to $65,535. Twilio expects to spend $100 to $135 million in charges related to the workforce reduction. There will be additional costs associated with office closures.