Tag: Twilio
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Twilio lays off 5% of employees in unit activists want to divest
Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023. Lionel Ng | Bloomberg | Getty Images Software provider Twilio said Monday it would lay off roughly 5% of its workforce, or around 400 employees, citing underachievement in the growth of a unit that activist…
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Activist fund Anson takes Twilio stake, urges board to sell
Activist investor Anson Funds has built a stake in Twilio and sent a letter to the enterprise software company’s board pushing for the sale of the entire business, a person familiar with the matter told CNBC. Twilio shares rose around 2% on the news in Tuesday morning trading. Anson did not hold any Twilio stock…