© Reuters. FILE PHOTO: The logo of communication company Twilio is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Picture taken June 23, 2022. REUTERS/Chris Helgren
(Reuters) -Cloud communications company Twilio (NYSE:) Inc said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to focus on profitability.
The move, which is the second instance of job cuts in six months, sent the company’s share up 2%.
As part of the restructuring, Twilio will divide the operations into two units – Twilio Data and Applications and Twilio Communications, according to a blog post on Monday.
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