Twilio

Twilio is an American company engaged in the development and provision of cloud PaaS services. Thanks to the Twilio platform, third-party developers can use the company's platform to make calls and send text messages using. More than 500,000 developers around the world are using the Twilio API by mid-October 2018.

Twilio operates in the Russian market. Among the partners is MTT OJSC, which provides the American company with its infrastructure for organizing VoIP communication and SMS aggregation services.

History

2023:17% staff cut due to lack of money

On February 13, 2023, Internet telephony solutions developer Twilio announced a 17% reduction in staff. Thus, a series of mass layoffs continues in the IT industry.

Considering that by the end of September 2022, 8992 people worked at Twilio, it turns out that the staff reduction will affect about 1.5 thousand workers. Twilio expects that the costs associated with mass layoffs will range from $100 million to $135 million. Most of the amount will go to the payment of severance pay to reduced employees.

Internet telephony provider Twilio cuts 17% of state due to lack of money

The report comes after cloud communications software maker Twilio has already laid off about 11% of its employees as part of a restructuring plan in September 2022.

In a report to the SEC, Twilio said it was halving the base salary of CEO Jeff Lawson, $134,000. In February 2023, it became known about the appointment of the former chief executive of General Electric Aidan Vijano as financial director of Twilio, where she has been working since 2019.

In an email sent Feb. 13, 2023, to employees, CEO Jeff Lawson said the additional cuts were due to the need to reorganize Twilio to succeed. Changes to the structure of the company will last until March 2023. Twilio is forming two divisions to help the company spend less and become more efficient, Lawson said. One division - Twilio Data & Applications - will be headed by Elena Donio, and the other - Twilio Communications - by Hosema Shipchandler. Lawson added that when executives considered the two divisions, it became clear that the company had become "too big," particularly in communications.^[1]

2020: Purchase of customer data infrastructure developer Segment

On October 12, 2020, Internet telephony service provider Twilio announced the acquisition of Segment for $3.2 billion. It is planned to close the transaction, which the buyer will pay in full with his own money (without attracting his shares), by the end of the year. Read more here.

2018: Purchase of SendGrid mass email service for $2 billion

On October 15, 2018, Twilio announced the acquisition of SendGrid, a mass email service, for $2 billion. After the announcement of this transaction, which is planned to be closed in the first half of 2019, SendGrid quotes jumped 17%, and Twilio securities rose 1.5% following the main exchange session and then fell 4% during electronic trading. Read more here.

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