Posted on 09/19/2022 7:12:23 AM PDT by rktman
Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an "Anti-Racist" and "Anti-Oppression" lens.
The San Francisco-based corporate communications company CEO said in the message to employees that the layoffs are "wise and necessary."
"I'm not going to sugarcoat things. A layoff is the last thing we want to do, but I believe it's wise and necessary. Twilio has grown at an astonishing rate over the past couple years. It was too fast, and without enough focus on our most important company priorities. I take responsibility for those decisions, as well as the difficult decision to do this layoff," Lawson said.
In determining which roles would be impacted in the layoffs, Lawson said that company officials examined which roles were most aligned with its four priorities, but said that the layoffs were carried out through an anti-racism lens.
"As you all know, we are committed to becoming an Anti-Racist/Anti-Oppression company," Lawson wrote. "Layoffs like this can have a more pronounced impact on marginalized communities, so we were particularly focused on ensuring our layoffs – while a business necessity today – were carried out through an Anti-Racist/Anti-Oppression lens."
Those who were laid-off will get "at least" 12 weeks of pay, and an additional week per year of service at the company. They will also receive the full value of Twilio's next stock vest.
The company had 7,867 employees as of Dec. 31, 2021, according to its December annual report.
In the past year, Twilio shares have declined in value by over 78%.
(Excerpt) Read more at foxbusiness.com ...
At this point they're circling the drain.
I would start with finding a lawyer.
Granted, right now if you are a cis white guy good luck getting standing, but at least pay to have the case reviewed.
So, they are firing their most productive people. Lemme know how that works out.
Considering that 90% of the white males in that business are likely Antifa/BLM supporters in spirit, if not actions, they’re about to get a MAJOR life lesson.
So the layoffs will be based on the color of the skin rather than on work performance?
Any company that refuses to hire, retain, and promote base on merit will fail.
(Not so for gov't offices because to fail is to win given their objectives)
That’s an immediate ticket to the EEOC and a threatened Federal lawsuit.
The only openly pro racist/ippressive I know are not white.
No,that’s not entirely true.
Many racist/oppressive leftards..maybe that’s who they are leaving go?
“””In the past year, Twilio shares have declined in value by over 78%.”””
This was the last sentence in this story. Gee, it appears a WOKE company has gone BROKE.
“As you all know, we are committed to becoming an Anti-Racist/Anti-Oppression company,” Lawson wrote... ‘so we are gonna lay off z bunch of white honkeys in an effort to keep the blm crowd from burning down our businesses and robbing us blind, because you know, we ain’t racist or nuttin’
I bet all their brown hires will be Asian Indian.
They are a tech company (software as a service): SMS messaging (Twilio SMS), email services (SendGrid), and password manager (Authy).
This comment probably reflects badly on me, but does this picture of the CEO, plus the San Francisco location make anyone else think that this guy is likely “light in the loafers”or that he “plays for the other team”?
John Galt, pick up your pink slip
Let’s just say he won’t be laying off any LGBTQXYZ types.
Twilio sucks. Never understood why they grew so fast.
TWLO stock price numbers. Yep, there were some blokes who bought TWLO at $373.00 on 10/21/2021
Day Range
72.83
74.96
52 Week Range
64.29
09/01/2022
373.00
10/21/2021
Republicans do anything and it is racist.
Democrats do anything bad and it is anti-racist.
Oh, it’s a “corporate communications enterprise”. IOW the reword memos to employees of corporations or something. 😵💫
Looks like he’d have a good time at the Folsom Street fair in sanfran.
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