Twilio Lays Off 930 Employees: 5 Big Things To Know
‘I take responsibility for choosing to grow our team faster and to pursue many priorities beyond these four priorities over the recent years. And now, I also own the decision to become more focused—resulting in this layoff,’ says CEO Jeff Lawson.
Firings ‘May Extend’ Beyond 2022 In Certain Countries
Twilio said “the majority of the restructuring changes” will happen in its current third quarter of 2022.
The company is expecting the restructuring plan, including cash payments to employees, will be complete by the end of the year.
However, Twilio said employee eliminations outside the U.S. may extend beyond 2022.
“Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process beyond the fourth quarter of 2022 in certain countries,” said Twilio in an 8-K filing with the United States Securities and Exchange Commission.
Outside of America, Twilio operates in 20 other counties.
“Notifications and next steps will vary based on local laws and practices,” said Twilio’s CEO to employees on Wednesday. “Regardless, all Twilions whose roles are or may be impacted outside the US can expect an email or meeting invitation within the next two hours.”