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 ensure the business is successful.
“It is painful to part ways with so many talented people—but it’s necessary to get our two businesses into the right shape to succeed,” he said.
“The weeks ahead will be about processing all this change and working together to acclimate to our new structure,” he added. “While tremendously difficult, I believe these actions will put us on the right path for executing our strategy and creating an even stronger, more efficient, and more effective Twilio.”…