---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-244315"
form_type: "8-K"
ticker: "TWLO"
cik: "0001447669"
company_name: "TWILIO INC"
filed_at: "2022-09-14T23:59:59+00:00"
generated_at: "2026-06-23T09:41:27.676689+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Twilio to lay off ~11% of workforce; expects $70-90M restructuring charge

## Summary
- Workforce reduction of approximately 11%; charges estimated at $70-90M with $55-70M cash outlays.
- Restructuring substantially complete by Q4 2022; majority of charges expected in Q3 2022.
- Reaffirms Q3 FY22 guidance: revenue $965-975M, non-GAAP loss from operations $60-70M, non-GAAP EPS loss $0.37-0.43.
- Charges excluded from non-GAAP results; plan aims to cut costs and shift selling capacity toward software.
- CEO Jeff Lawson detailed layoff rationale in a company letter; impacted employees receive at least 12 weeks pay plus stock vest.

## SEC filing metadata
- accession: 0001193125-22-244315
- form_type: 8-K
- ticker: TWLO
- cik: 0001447669
- company_name: TWILIO INC
- filed_at: 2022-09-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1447669/000119312522244315/0001193125-22-244315-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1447669/000119312522244315/d380990d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-244315
- JSON: https://secwatch.observer/filing/0001193125-22-244315.json
- Plain text: https://secwatch.observer/filing/0001193125-22-244315.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.