Jeff Lawson

Twilio, the cloud service provider, has announced that it will be reducing its current workforce by 5% as part of a broader overhaul. The company stated that these cuts will help to streamline its operations and put it on a path towards delivering profitable growth.This is the third round of major job cuts the company has announced in the recent year.In September 2022, the company cut around 11% of its staff, followed by another 17% in February of this year. As a result, Twilio's workforce has decreased from 7,800…

Tech leaders who spent years eagerly adding to their staffs are now lining up to deliver a different message: Sorry, we grew too fast. Mark Zuckerberg on Wednesday joined the ranks of tech executives offering a mea culpa, when the chief executive of Facebook parent Meta Platforms Inc. said the company would cut 11,000 workers, or 13% of its staff. Mr. Zuckerberg told employees that he had believed the sharp shift online after the onset of Covid-19 would be…

Twilio said it would have to pay $70 million to $90 million in charges for things such as severance payments and employee benefits. Photo: Gabby Jones/Bloomberg News…

Cloud communications company Twilio has sacked 11% of its employees -- more than 850 people from its 7,800-strong workforce globally.The impacted employees in the US and other countries will get an email, letting them know their role has been impacted and outlining next steps.Read Also"Twilions who are impacted will also be able to meet with a leader from their team," Twilio CEO Jeff Lawson said in a statement."I'm not going to sugarcoat things. A layoff is the last thing we want to do, but I believe it's wise and…

Facing pressure to cut all ties with Russia—Ukrainian President Volodymyr Zelensky made another such exhortation this week—some U.S. companies continue to employ information technology staff in the region, even as others have shuttered their operations.“Leaving the Russian market is a must,” Mr. Zelensky said, addressing The Wall Street Journal’s CEO Summit in London via videolink on Tuesday. “The aggressor has to be isolated. Full, complete economic isolation. That will allow Ukraine to…