Twilio lays off 11% of workforce
Cloud communications platform Twilio is laying off 11% of its staff – about 850 employees – as it attempts to reach profitability, an SEC filing revealed Wednesday. CEO Jeff Lawson sent a letter to employees that said the San Francisco-based company grew "too fast, and without enough focus on our most important company priorities." Twilio, which is valued at $14 billion, suffered a security breach in August that affected 163 clients, including secure messaging app Signal, two-factor authentication app Authy, and authentication firm Okta.
- The company recently was chosen for Forbes' top 40 Best Large Workplaces in Technology.
Employees have taken to LinkedIn to share their thoughts about the layoffs. See their posts below.