Cloud software company Twilio said it's laying off about 1,500 people, just months after another round of job cuts.

Closing Bell

Twilio To Lay Off 17% Of Workforce

In the latest round of job cuts, cloud software company Twilio is laying off about 1500 people. The company says it's going to be reducing team size by about 17% shares right now. Are up on this news there $61.74 cheddar news. Review the message Ceo Jeff Lawson shared with employees. He's noting the company must prioritize profit now more than ever. He goes on to write certain business segments in particular. Communications, for example, are too big and that's why the layoffs are needed. The company is also splitting into two new divisions, Twilio Data and Application and Twilio Communications. Now, today's newly announced layoffs are in addition to job cuts that it made back in september.