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Twilio CEO announces 11% of employees will lose jobs in 'Anti-Racist' focused layoffs
foxbusiness.com ^ | 9/16/2022 | Adam Sabes

Posted on 09/19/2022 7:12:23 AM PDT by rktman

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To: crusty old prospector
Re: "What sort of widget does Twilio make?"

Before their stock crashed, their best skill appeared to be exchanging hyper-inflated Twilio stock for small companies that created open source software products that were available on AWS (Amazon Web Services).

Twilio's first product was a phone-over-AWS product - in 2008, I think.

61 posted on 09/19/2022 8:18:22 AM PDT by zeestephen
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To: rktman; AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; ...

It’s called grifting.


62 posted on 09/19/2022 8:22:11 AM PDT by SunkenCiv (Putin should skip ahead to where he kills himself in the bunker.)
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To: rktman

Soon to be buried in an avalanche of wronful termination lawsuits...


63 posted on 09/19/2022 8:27:59 AM PDT by jimmygrace
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To: I want the USA back

Yep, what I always thought is if they are so concerned about racism and reject all symbols of racism, then why do they fanatically support the democrap party? The party of slavery, the KKK, Jim Crow, lynchings, segregation, the confederacy? Their hypocrisy is off the charts.


64 posted on 09/19/2022 8:33:24 AM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: ConservativeMind

If they aren’t racists now, laying them off because they’re honkies might tend to make them so.


65 posted on 09/19/2022 8:36:10 AM PDT by Eleutheria5 (All Hail the MAGA King, beloved of Ultra MAGAs and Deplorables!)
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To: rktman

Intel did something like this back in 2015.
They were shocked how many valuable people left rather than deal with what was coming.
It nearly sank the company.

The new CEO is doing a fair job recovering from this disaster but only time will tell.


66 posted on 09/19/2022 8:40:47 AM PDT by Zathras
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To: nascarnation

Gaydar!


67 posted on 09/19/2022 8:41:14 AM PDT by Zathras
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To: ClearCase_guy

Make sure you do all your hiring in winter so nobody unjustly culturally appropriates by getting a tan.

68 posted on 09/19/2022 8:46:39 AM PDT by seowulf (Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
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To: zeestephen

So, a Ponzi scheme of sorts?


69 posted on 09/19/2022 8:46:53 AM PDT by crusty old prospector
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To: nascarnation

Ew. Gross.


70 posted on 09/19/2022 8:48:29 AM PDT by Cowgirl of Justice
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To: Cowgirl of Justice

You have to admit it adds context to the discussion...


71 posted on 09/19/2022 8:49:48 AM PDT by nascarnation (Let's go Brandon!)
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To: ConservativeMind

My institution was doing layoffs from 2015-2020 and the word was passed no minorities will be laid off period no matter who unneeded or sorry at their job they may be. It caused lots of anger which wasn’t voiced openly but its still simmering. The one thing the institution did do right was lay off a lot of problem children when it had the chance it just was an affirmative action layoff which still doesn’t set well with those remaining.


72 posted on 09/19/2022 9:02:38 AM PDT by sarge83
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To: cuban leaf

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.

Hmmm. Maybe he is doing this purposely to payoff his white employees and leave the minorities SOL when the company crashes and burns.


73 posted on 09/19/2022 9:07:42 AM PDT by rxh4n1
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To: ConservativeMind

They’ll layoff a handful of African-Americans just to muddy the issue in case this gets a class-act challenge in the courts. But, ‘YES’, that is what they are planning...


74 posted on 09/19/2022 9:19:06 AM PDT by Tallguy
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To: crusty old prospector

Mommy, what’s a Twilio?


75 posted on 09/19/2022 9:33:22 AM PDT by PGR88
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To: crusty old prospector
Ponzi scheme...

Not really.

Their IPO stock got a lot of hype because several well known venture capitalists invested in the company before it went public.

Then, in 2020, because of Covid, many Internet focused stocks had huge price increases because they were viewed as stay-at-home stocks.

That meant Twilio could issue new stock and use it to buy other companies. When your stock is going up like a rocket, many business owners are eager to sell their companies.

However, when your stock crashes 80% in 18 months, that means all those former business owners now want to kill you!

76 posted on 09/19/2022 9:42:27 AM PDT by zeestephen
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To: ConservativeMind

“We will racistly lay off Whites, in other words.”


Apparently the Civl Rights Act of 1964 is no longer in force—at least when it involves discrimination against white males.


77 posted on 09/19/2022 9:43:16 AM PDT by hanamizu
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To: ConservativeMind

If he’s smart, he will use the opportunity to lay off the most left-wing whites on his staff, while leaving them with no ideologically-acceptable way to protest the layoffs.

“You want us to lay off more people of color to save your job? How RACIST of you!”


78 posted on 09/19/2022 9:47:18 AM PDT by PapaBear3625 (We live in a time where intelligent people are being silenced so stupid people won’t be offended)
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To: zeestephen
...Twilio (TWLO) Six Year Monthly Chart...

Now divide the stock price in that chart by CPI to adjust for inflation and you will see the truth -- it is worth less today than it was 5 years ago.

79 posted on 09/19/2022 10:18:17 AM PDT by CurlyDave
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To: rktman

So, whites are getting fired because of racism.


80 posted on 09/19/2022 11:05:10 AM PDT by bgill (Which came first, the vax or the virus?)
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