2024-04-09 04:23:52 ET
Summary
- Twilio has experienced a significant decline in stock value, falling 86% from its peak in 2021.
- The company has conducted multiple rounds of layoffs, reducing headcount by approximately 2,500 personnel.
- Jeff Lawson has stepped down as CEO, and Khozema Shipchandler is now leading the company.
Background
Twilio ( TWLO ) has had a tough couple of years. The company operates in multiple domains, including enterprise-level texting and application programming interfaces for companies to build out services, and for quite a long time (back in the heyday of the ZIRP environment), the company was a darling of the tech sector with an enormous valuation....
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For further details see:
Twilio: Not Out Of The Woods Yet