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 β while a business necessity today β 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 ...
All time high for TWLO was $441 in February 2021.
How has the fraudulent Biden regime helped you out TWLO??????
I hear they are using a “You must be at least this color” guides to hire indoctrinators, uh, teachers in some locations these days. π΅βπ«π©
Twilio IPO - June 2016
Guess who won’t be hurt if it goes to zero. Yup. Grovelin’ jeff lawson.
I’m a direct descendent of John and Priscila Alden. I’m as lily white as they come. π
so the layoffs have nothing to do with productivity then...
I just apply my standard rule to his statement: The first one to interject race is the racist.
I have met Mr. leaf face-face, and his lovely wife IIRC, and can confirm his assertion.
Wouldn’t it be hilarious if he lays off whites with this awesome golden parachute, and then when it utterly collapses, those remaining are unceremoniously dumped on the pavement.
π€£
Let’s be honest. When a ship is obviously sinking like this one is, you want to be one of the first ones off, while the company can still afford to be generous.
Agree. Race-based layoffs would violate EEOC law and the fallout would destroy the company.
“Fire all Jews” worked so well for Hitler.
whites will take notice for when this racist company is hiring again
It better have some good civil rights lawyers on staff.
Potato Stelterβs brother, I see.
I remember seeing an old OLD political cartoon of a black worker telling his wife he has gotten a great job! Next panel showed him laid off because of his color.
Now it is in reverse.
I also remember another cartoon from the 1960s showing a row of white men in line at an employment office. The manager looks over them and points to the only black man way back and says...”It looks like YOU are next!”
Looks like we are there again.
puleez!
I stand corrected.
A company I worked for fifty years hired a queer to work in their shop. He was fired before the end of the day.
He had no interest in working. He just tried to get the men over behind a brake press to do a sex act on them.
They will also receive the full value of Twilio’s next stock vest.
The value of which will be zero after the “diversity hires” run the place into the ground.
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