The restructuring plan will be completed by the end of the fourth quarter of 2022. Twilio expects to incur between $70 million and $90 million in related charges.
, plus one week for every year of service, and the full value of the company's next stock vest.
They will also remain on the company payroll while searching for their next role and have the option of being added to a list that will be shared with other companies who are hiring and "investors who know many such companies." In this photo illustration a Twilio logo of an US cloud communications platform is seen on a smartphone and a pc screen. The company expects approximately to incur between $70 million and $90 million in charges associated with the restructuring, with the majority incurred in the third quarter of 2022. The restructuring is expected to be completed by the end of the fourth quarter of 2022. The move comes as Twilio is aiming to reach profitability in 2023.
On Wednesday, the company reaffirmed its first quarter 2023 revenue guidance in the range of $965 million and $975 million and an operational loss in the range of $60 million to $70 million, or 37 cents to 43 cents per share.
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