Brief: Twilio Says December Plan Includes Elimination Of About 5% Of Co's Current Workforce

Twilio

04/12/2023 14:30

Dec 4 (Reuters) - Twilio Inc  TWLO.N :
    * TWILIO INC - COMMITTED TO A FURTHER WORKFORCE
RESTRUCTURING PLAN
( "DECEMBER PLAN") INTENDED TO STREAMLINE OPERATIONS
    * TWILIO INC - DECEMBER PLAN INCLUDES ELIMINATION OF
APPROXIMATELY
5% OF COMPANY'S CURRENT WORKFORCE
    * TWILIO INC - COMPANY ESTIMATES THAT IT WILL INCUR
APPROXIMATELY
$25-$35 MILLION IN CHARGES IN CONNECTION WITH WORKFORCE
REDUCTION
    * TWILIO INC: REAFFIRMS ITS GUIDANCE FOR Q4 AND FISCAL YEAR
ENDING
DECEMBER 31, 2023
    * TWILIO INC - EXPECTS MAJORITY OF THE RESTRUCTURING CHARGES
RELATED TO THE DEC PLAN WILL BE INCURRED IN THE FOURTH QUARTER
OF 2023
    * TWILIO INC - TWILIO FLEX, CO'S CLOUD CONTACT CENTER, WILL
BE
REPORTED AS PART OF COMPANY'S TWILIO COMMUNICATIONS REPORTABLE
SEGMENT IN FUTURE PERIODS

Further company coverage:  TWLO.N 

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