Twilio will lay off about 11% of employees twilio It will lay off 11% of all of its workforce as part of a very major restructuring plan,

according to an SEC filing published Wednesday. Twilio had approximately 7,867 employees as of December 31, 2021.

The cloud communications software maker is striving very well for profitability in 2023, with the restructuring

aimed at significantly improving operating margins, creating greater sales efficiencies, reducing operating costs.

In a letter to employees, Twilio CEO Jeff Lawson was reported as saying that the company had made its decision

to lay off employees in order to align its investments with the company's priorities to run more efficiently.

Said the decision was extremely difficult, wise and also necessary. Twilio has been reported to have grown at an astonishing

rate over the years. It was too fast, without giving good enough attention to our most important company priorities,

Lawson said on his part in the letter. I take responsibility for those decisions taken. Lawson said the affected

employees are in all areas of the company that can operate more efficiently and efficiently where customers

 can succeed best without human intervention. Twilio said it expects to spend between about $70 million

and about $90 million in fees related to the restructuring plan. Twilio shares closed up nearly 10% on Wednesday.

Learn more