"I take responsibility for choosing to grow our team faster... And now, I also own the decision to become more focused - resulting in this layoff," says CEO Jeff Lawson.
Approximately 936 Twilio employees to be let go
As of 30th June, 2022, Twilio had 8,510 employees, according to its second quarter 2022 financial earnings release in August.
Twilio said it would lay off 11 percent of its workforce, meaning approximately 936 employees will be let go.
"I am deeply sorry to see you all leave Twilio," said Lawson in his letter to employees. "You have all been part of building our company. You've been our teammates, partners, and friends. I'm grateful for your contributions to our customers and our business. And we owe it to you to help as much as we can."
Lawson said the majority of affected employees will be able to remain on company payroll while searching for their next role, "whether it be inside or outside Twilio."
Twilio's talent acquisition team will provide services to impacted Twilio employees "if there's an open internal role in one of our investment areas," the CEO said.
"We will create a list that impacted employees can opt into, which we'll share with other companies who may be hiring, as well as investors who know many such companies," said Lawson.
