Twilio to cut 5% of workforce

**Twilio to lay off 5% of workforce, or 295 employees, to achieve profitable growth.** The company expects to incur about $25 million to $35 million in restructuring costs in the last three months of 2023. This is the second round of layoffs for Twilio this year, after it cut 17% of its staff earlier in the year.

Link to the original story: https://www.thestar.com.my/tech/tech-news/2023/12/04/twilio-to-cut-about-5-of-total-workforce