Twilio is laying off 11% of its workforce of roughly 8,000 employees as part of a restructuring aimed at reducing operating costs and boosting profit margins, the company revealed in a filing. The job cuts illustrate the challenges Twilio faces in expanding beyond its core business of services that let developers add voice and messaging features to applications. These services require Twilio...
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Musk Leaves Twitter Staff Without Equity Plan as Deadline Looms
Shortly after Elon Musk bought Twitter last fall, he promised Twitter staff that they could look forward to the kind of stock rewards employees at SpaceX—another private company Musk runs—enjoy. But as Musk’s ownership of Twitter nears the end of its third month, he has yet to release details of the new stock compensation plan, according to several employees. Employees at...
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