Last Updated: February 14, 2023, 16:08 IST
Twilio will reorganise its inner organisation
In September final 12 months, Twilio sacked 11 per cent of its staff — greater than 850 individuals from its 7,800-strong workforce globally.
US-based cloud communications firm Twilio has introduced to put off about 17 per cent of its international workforce amid cost-cutting measures.
In addition, Twilio will reorganise its inner organisation and create two business models — Twilio Communications and Twilio Data & Applications.
“We must spend much less, streamline, and turn out to be extra environment friendly. To do this, we’re forming two business models: Twilio Communications and Twilio Data & Applications. And as we speak, I’m sadly bearing the news that we’re parting methods with roughly 17 per cent of our staff,” Twilio co-founder and CEO Jeff Lawson wrote in an email sent to all Twilio employees.
In September last year, Twilio sacked 11 per cent of its employees — more than 850 people from its 7,800-strong workforce globally.
All affected employees will receive health coverage and career resources, as well as 12 weeks of base pay plus one week per year of service, according to the company.
Moreover, the company is ending some benefits, such as book and wellness allowances, as well as Twilio Recharge, a four-week paid sabbatical offered to employees every three years.
Twilio also plans to close some of its offices over the next few months.
“As part of our shift to remote work, we plan to close some Twilio offices over the next few months, with the intent of maintaining at least a handful of global hubs and satellite offices,” mentioned Lawson.
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Source: www.news18.com
