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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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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