Quad witching on Friday. Maybe

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bwjx
2022-09-14

Quad witching on Friday. Maybe a relief for now. [Happy]

Twilio to Cut Staff by 11% to Rein in Costs, Lift Margins

Twilio Inc said on Wednesday it plans to cut its staff by nearly 11% as the cloud communications

Twilio to Cut Staff by 11% to Rein in Costs, Lift Margins

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Maybe a relief for now.&nbsp;<span>[Happy]&nbsp;</span></p></body></html>","htmlText":"<html><head></head><body><p>Quad witching on Friday. Maybe a relief for now.&nbsp;<span>[Happy]&nbsp;</span></p></body></html>","text":"Quad witching on Friday. Maybe a relief for now. [Happy]","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9934049273","repostId":2267545209,"repostType":4,"repost":{"id":"2267545209","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1663164058,"share":"https://www.laohu8.com/m/news/2267545209?lang=&edition=full","pubTime":"2022-09-14 22:00","market":"us","language":"en","title":"Twilio to Cut Staff by 11% to Rein in Costs, Lift Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=2267545209","media":"Reuters","summary":"Twilio Inc    said on Wednesday it plans to cut its staff by nearly 11% as the cloud communications ","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/TWLO\">Twilio Inc</a>    said on Wednesday it plans to cut its staff by nearly 11% as the cloud communications platform seeks to reduce costs and shore up margins.</p><p>Twilio shares rose 1.33% in morning trading.<img src=\"https://static.tigerbbs.com/26c7658125b9d5914ef754d91c591cd2\" tg-width=\"832\" tg-height=\"834\" width=\"100%\" height=\"auto\"/></p><p>The company estimates it will incur between $70 million and $90 million in charges over its restructuring plan which includes staff layoffs, with the majority to be incurred in the third quarter of 2022.</p><p>Twilio, which in August forecast a bigger-than-expected adjusted loss for its third quarter, hired aggressively during the pandemic with employee count rising to 7,867 by end 2021 from 4,629 as of Dec. 31, 2020</p><p>Twilio faced a cyber attack last month that compromised data of about 163 customers. 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