Twilio to cut 17% staff, close offices to focus on profitability
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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
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