Twilio Inc - Ordinary Shares Class A

NYSE:TWLO   12:13:08 PM EDT
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Layoffs, Other Pre-Announcement

Twilio Inc - Restructuring Plan Includes Elimination Of Approximately 11% Of The Company’S Current Workforce.

Published: 09/14/2022 13:17 GMT
Twilio Inc - Ordinary Shares Class A (TWLO) - Twilio Inc - Restructuring Plan Includes Elimination of Approximately 11% of the Company’s Current Workforce.
Twilio Inc - Estimates That It Will Incur Approximately $70-$90 Million in Charges in Connection With the Restructuring Plan.
Twilio Inc - Restructuring Plan, Including Cash Payments, Will Be Substantially Complete by the End of the Fourth Quarter of 2022.
Twilio Inc - Majority of the Restructuring Charges Will Be Incurred in the Third Quarter of 2022.
Twilio Inc - Reaffirms the Guidance It Issued for the Third Quarter Ending September 30, 2022.