Mostly in "Go-To-Market". Same as Patreon
I don't even know what that is, but sounds like a money pit.
Twilio to lay off 11% of workforce
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Re: Twilio to lay off 11% of workforce
#12Another company carelessly overhiring. OR maybe using opportunity to do some trimming? edit: Where does one check hiring metrics for company before accepting contract?
That seems strongly bad-faith as an assumption. I'd assume they hired people for what seemed like good reasons at the time, but things have changed and now they need to have less payroll.
Any hiring or new initiative looks "careless" if it didn't work out, but it could have just been a calculated risk that didn't pay off, especially given how chaotic the last few years have been.
Re: Twilio to lay off 11% of workforce
#13Mostly in "Go-To-Market". Same as Patreon I don't even know what that is, but sounds like a money pit.
Another term for Sales I believe.
Re: Twilio to lay off 11% of workforce
#14Another company carelessly overhiring. OR maybe using opportunity to do some trimming? edit: Where does one check hiring metrics for company before accepting contract?
> Where does one check hiring metrics for company before accepting contract?
LinkedIn company pages have those stats for Premium members.
Twilio is showing -- what do you know -- 13% headcount growth over the last 6 months and a median tenure of 1.3 years.
Re: Twilio to lay off 11% of workforce
#15Dodged a bit of a bullet, I think; they were one of my top 2 choices in my last job hunt a few months ago, and ultimately I got a better feeling about the other choice. I've been loving the job I _did_ take, and don't regret my decision (especially now).
Re: Twilio to lay off 11% of workforce
#16> The cloud communications software builder has been striving for profitability in 2023, and the restructuring plan aims to improve operating margins, create a better selling capacity and reduce operating costs. If you look at all the layoffs we had this year, the vast majority are by companies that are VC funded and unprofitable. It would be a scary time to work for a VC backed company, because you're one missed fun…
Sounds more like you're one missed funding round away from having a 10% chance of being kicked to the curb, where "kicked to the curb" often means a fairly generous severance that covers more than the period you're likely to remain unemployed (12 weeks in this case). While I'm sure there are some legitimately bad outcomes, it seems like the median outcome is keeping your job, and the median outcome for those who don't is a several month paid vacation.
Re: Twilio to lay off 11% of workforce
#17> The cloud communications software builder has been striving for profitability in 2023, and the restructuring plan aims to improve operating margins, create a better selling capacity and reduce operating costs. If you look at all the layoffs we had this year, the vast majority are by companies that are VC funded and unprofitable. It would be a scary time to work for a VC backed company, because you're one missed fun…
>you're one missed funding round away from getting kicked to the curb
Isn't that always the case?
Re: Twilio to lay off 11% of workforce
#18Anyone else read the letter from the CEO where they claim that the layoffs "were carried out through an Anti-Racist/Anti-Oppression lens"?
That's verbatim from the actual PDF, in case anyone was curious (https://d18rn0p25nwr6d.cloudfront.net/CIK-0001447669/5c6aa73...) Page 6, under the heading "How did we decide which roles would be impacted".
I wonder what race they deliberately targeted for these layoffs, with language like that. Oh well, I guess we'll never know.
Re: Twilio to lay off 11% of workforce
#19Re: Twilio to lay off 11% of workforce
#20> The cloud communications software builder has been striving for profitability in 2023, and the restructuring plan aims to improve operating margins, create a better selling capacity and reduce operating costs. If you look at all the layoffs we had this year, the vast majority are by companies that are VC funded and unprofitable. It would be a scary time to work for a VC backed company, because you're one missed fun…
While you’re not directly stating that Twilio is VC-funded, that implication can easily be drawn by the adjacency in these two statements. Twilio was VC funded, but they’re a public company now and have been for some time. These layoffs have nothing to do with missing a funding round.