Twilio to lay off 17% staff, close offices to focus on profitability

Cloud communications company Twilio 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.