Twilio will lay off 17% of its staff, the company announced Monday, just months after cutting 11% of its staff in September. This week’s cuts will affect nearly 1,400 of the enterprise software firm’s roughly 8,000 employees. CEO Jeff Lawson said in an email to employees Monday that the cuts are part of a reorganization at the company that will separate its business into two units, with one...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
Amazon Starts Latest Round of 9,000 Layoffs
Nasdaq to Launch Crypto Custody Service By End of June
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