Twilio lays off 11% of staff to increase profitability in 2023

Cloud communications firm Twilio has said it will lay off 11% of its workforce.

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Around 800 to 900 Twilio employees are expected to be fired from the company's R&D, administrative and general departments.

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As of 2022, the total workforce headcount of the company is about 7,860.

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Twilio’s move is the latest in the “layoff” announcements made by major brands like Meta, Snap and Calm among others.

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The layoff season has come in the US amid the incoming recession and rising inflation.

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Twilio has a net worth of $12.88 billion in 2022.

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The current estimated net worth of Twilio Inc's CEO Jeff Lawson is estimated to be about $359.34 million.

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