Friday, 24 March, 2023

Twilio to fire 11% of the workforce, to control costs, and increase Margins

<p>In response to a decline in demand for cloud services, Twilio announced that it planned to reduce its workforce by 11%. The cloud communications platform will join other tech firms in cutting expenses and shoring up profits. Twilio&#39;s cost associated with its reorganisation plan will cut personnel expenses from $70 M to $90 M. It was the victim of a cyber intrusion last month that exposed the data of 163 consumers. About 73% of Twilio&#39;s stock has been lost this year.</p>