Twilio said in a filing with the Securities and Exchange Commission that it’s cutting 17% of its workforce—just months after another major layoff.
The San Francisco-based software firm reported 9,000 total employees at the end of September. On Sept. 14 of last year, it cut 11% of its employees in an effort to rein in costs.
On Monday, the company said it’s planning to close some offices and eliminate more roles as part of a broader reorganization that will focus on profitability.
“Now we have to prioritize profit far more than before,” said Twilio CEO Jeff Lawson in a blog post on Monday. “We’re exiting the last phase with a great market position, and very strong cash reserves, but unfortunately that’s not enough to get us through the next phase.”
Twilio is part of a major wave of layoffs in the tech sector as companies, some of which hired heavily during the pandemic, look to trim costs and prepare for leaner times.
Tech companies have collectively laid of thousands of workers across the state.