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

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