Twilio plans to layoff 11% of its workforce, or around ~850 staff, in a bid to become profitable by 2023; CEO Jeff Lawson says Twilio grew "too fast" (Ashley Capoot/CNBC)

Ashley Capoot / CNBC:

Twilio plans to layoff 11% of its workforce, or around ~850 staff, in a bid to become profitable by 2023; CEO Jeff Lawson says Twilio grew “too fast”  —  – Twilio will lay off 11% of its workforce as part of a major restructuring plan, according to a filing.

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