Everyone know, inflation is increasing day by day, companies are planning to cut down their cost by downsizing their staff.

Twilio is planning to be downsizing its team size by terminating 11% of its current team size.

The plan will seek to increase operational margins, increase selling capacity, and minimize operating expenses.

Twilio CEO Jeff Lawson stated in a letter to workers that the firm chose to lay off personnel in order to function more effectively and

to match the company's investments with its goals. He called the choice "very painful," but "smart and important."

"Over the last few years, Twilio has expanded at an astounding rate." "It was too quick, and there wasn't enough attention on our most essential firm initiatives," Lawson said in his letter.

"I accept full responsibility for those actions, as well as the tough decision to lay off employees." 

Lawson stated that the people affected work in areas of the corporation where operations may be more effective, and consumers can "succeed without as much human engagement."

Twilio plans to incur restructuring-related expenses of between $70 million and $90 million.

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