Twilio to Cut 17% of Staff in Second Round of Layoffs (1)

Twilio Inc., a maker of customer communication and marketing software, said it will cut about 17% of workers just months after a previous major round of layoffs.

The company will also reduce some office space and pare back employee benefits as part of a focus on profitability, Chief Executive Jeff Lawson wrote in a blog post Monday.

The cuts make Twilio one of the first tech companies to announce a second major staffing reduction in the current economic downturn. In September, the software firm said it would cut 11% of workers after growing too fast. Together, the cuts amount ...