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Twilio to cut 17% staff, close offices to focus on profitability
Abstract：(Reuters) -Cloud communications company Twilio Inc said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to focus on profitability.
Twilio to cut 17% staff, close offices to focus on profitability
(Reuters) -Cloud communications company Twilio Inc said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to focus on profitability.
The move, which is the second instance of job cuts in six months, sent the companys share up 2%.
As part of the restructuring, Twilio will divide the operations into two units – Twilio Data and Applications and Twilio Communications, according to a blog post on Monday.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Maju Samuel)
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