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 ...
I smell the civil lawsuits cooking...
I used the Twilio phone app when working from home.
I would think there will be lawsuits if the ceo is basing the layoffs on race.
Yep. It’s actually quite possible. First lay off the people you really owe, with nice exit packages, and then go under and let the rest fend for themselves.
Twilio’s biggest mistake is not adequately supporting open-source solutions.
Their bread and butter are large companies that can afford in-house developers. Small businesses need cheap, turnkey solutions. And Twillio is very well positioned to provide them. But they have not done the best job of this. It’s still quite expensive to implement solutions on their platform.
Zimbabwe did something similar by driving out white farmers. It was a disaster.
>>“We will racistly lay off Whites, in other words.”<<
The 11% laid off employees should ban together and sue this jackass and the company into bankruptcy. They’ve got a solid case.
Used to be a lady on here from there reporting the events. Kathy Buckles IIRC. Anyone? Bueller?
So if you are white and laid off you get 12 weeks pay and some soon to be worthless stock. How awfully white of them.
The ultimate dirty trick, and make brownie points with the woke crowd as a bonus.
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