Twilio to cut 17% staff, close offices to focus on profitability
Add BT as a preferred source
CLOUD communications company Twilio said on Monday (Feb 13) it was eliminating about 17 per cent 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 company’s share up 2 per cent.
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. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
