Twilio, the cloud communications software maker, announced it is laying off about 1,500 employees, representing 17 percent of its overall workforce, according to a company blog post. CEO Jeff Lawson wrote that the latest round of job cuts was necessary to reorganize the tech firm, acknowledging that while “these changes hurt,” they are needed to…

Twilio, the cloud-communications software maker, says it is laying off about 17 percent of its overall workforce, according to a company blog post. CEO Jeff Lawson wrote that the latest round of job cuts is necessary to reorganize the tech firm; he acknowledged that while “these changes hurt,” they are needed to ensure the business…

Twilio, a cloud-communications software maker, says it’s laying off about 17 percent of its overall workforce, according to a company blog post. CEO Jeff Lawson wrote that the latest round of job cuts is necessary to reorganize the tech firm; he acknowledged that while “these changes hurt,” they are needed to ensure the business is…

Digital authentication solutions provider Twilio Inc. said a scheme by which outsiders duped employees into handing over their passwords hacked some of its employees’ and customers’ accounts. Twilio became aware of the incident on Aug. 4. “This broad-based attack against our employee base succeeded in fooling some employees into providing their credentials,” Twilio said. “The attackers then used the…

Twilio Inc.’s second-quarter revenue jumped 41 percent year-over-year to $943.35 million, beating the consensus. The net loss of $(0.11) per share beat the estimate. Morgan Stanley analyst Meta Marshall’s Overweight thesis on TWLO factored in the unique value proposition the company has in transforming and optimizing the customer relationship (making it a ‘durable high growth franchise’). She saw the durability…

Barclays analyst Ryan MacWilliams upgraded Twilio Inc (TWLO) to Overweight from Equal Weight with an unchanged price target of $375, implying 36.5 percent upside. The analyst likes the stock setup in fiscal 2022 “on easier compares.” Twilio shares have approached a “more reasonable” valuation versus faster-growth peers since the Q3 earnings report, and investor concerns…