Twilio announces another round of layoffs, reorg in profit push


FILE PHOTO: The logo of communication company Twilio is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Picture taken June 23, 2022. REUTERS/Chris Helgren

(Reuters) -Cloud communications company Twilio Inc said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to focus on profitability.

Technology firms have laid off thousands of workers recently as they brace for a period of lower demand, high interest rates and macro economic instability.

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