Good morning!
We kicked off the week with yet another tech layoff announcement. Twilio CEO Jeff Lawson announced Monday that the company would cut 1,500 jobs, about 17% of its workforce, just five months after it dismissed 11% of employees, citing too fast growth. Also on the chopping block: some flashy employee perks that became staples during the pandemic. The move speaks to a broader industry trend of employers cutting costs by revoking the same lavish benefits once used to attract and retain employees.
