Cloud communication firm Twilio lays off another 5% workforce

San Francisco, Dec 5 : Cloud communications firm Twilio has laid off hundreds of employees as it announced a 5 per cent cut in its workforce.

The company had laid off nearly 11 per cent of its employees in September last year and in February this year, it sacked another 17 per cent of its workforce.

More than a year ago, Twilio had 7,800 employees.

According to its most recent earnings release, Twilio has around 5,900 employees.

ఆకాశ్ జగన్నాధ్ పరిస్థితి ఏంటి..? తల్వార్ సక్సెస్ అవుతుందా..?...

With todays job cuts, around 300 people will lose their jobs in the near future, reports TechCrunch.

Recently, the company expanded its product portfolio with large-scale acquisitions.

"Last year, we made the decision to invest, ahead of growth, in go-to-market for Segment.Unfortunately, that bet hasnt led to the growth outcome wed hoped for.As a result, we’re simply spending too much," Twilio CEO Jeff Lawson wrote in an email to all employees.

"Weve made the hard decision to eliminate some of our Segment GTM roles – right sizing the investment for the results were seeing," Lawson added.

Earlier this year, Twilio said it will reorganise its internal organisation and create two business units -- Twilio Communications and Twilio Data & Applications.

వైరల్ వీడియో : రాజుల కాలంలో రాణుల అండర్‌వేర్‌పై ఆసక్తికర చ...

"We have to spend less, streamline, and become more efficient.

To do that, were forming two business units: Twilio Communications and Twilio Data & Applications," Lawson had said.

Twilio also planned to close some of its offices this year.

na/shb