2 companies, 6 layoff rounds: More cuts at Spotify, SF's Twilio

Twilio and Spotify joined a rough cohort of tech standouts Monday, with each company announcing its third layoff round in less than 15 months. San Francisco-based Twilio, which makes communications software, is laying off 5% of its workforce, according to a letter including in a filing with the Securities and Exchange Commission. The company reported having 5,905 employees as of Sept. 30, after an 11% layoff round in September 2022 and another 17% cut last February. Monday’s round was the smallest cut but will still hit almost 300 workers. Spotify,...