Twilio to Cut Another 5% of Workforce in Third Round of Layoffs
- Company has shed one-third of workforce since September 2022
- Twilio recently became target of activist investor Anson Funds
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Twilio Inc. will cut 5% of its workforce in its third major headcount reduction.
“While I know it’s hard to undergo so much change, it’s all part of the necessary transition to profitable growth,” Chief Executive Officer Jeff Lawson said in a memo to employees Monday.