{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-034646","form_type":"8-K","ticker":"TWLO","cik":"0001447669","company_name":"TWILIO INC","filed_at":"2023-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.044960+00:00","generated_at":"2026-06-19T15:50:47.675223+00:00","sec_items":["2.02","2.05","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Twilio to cut 17% of workforce, pre-announces Q4 results at or above guidance","bullets":["Q4 2022 results expected at or above prior guidance range (Nov 2022).","Workforce reduction of ~17%; estimated charges $100-135M, mostly in Q1 2023.","Additional office closures: impairment of $10-25M in 2023; prior closures $97.7M in Q3 2022.","Appointed Aidan Viggiano as CFO (eff. Mar 1); base salary $850k, RSU award ~$3M.","Reorganization into two units: Twilio Communications & Twilio Data & Applications; new presidents named."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-034646","json":"https://secwatch.observer/filing/0001193125-23-034646.json","markdown":"https://secwatch.observer/filing/0001193125-23-034646.md","text":"https://secwatch.observer/filing/0001193125-23-034646.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1447669/000119312523034646/0001193125-23-034646-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1447669/000119312523034646/d465044d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T15:50:47.675223+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01c6b4002e","claim":"Khozema Shipchandler was appointed as President, Twilio Communications at TWILIO INC.","evidence_excerpt":"the Board appointed Khozema Shipchandler as President, Twilio Communications, effective March 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1447669/000119312523034646/0001193125-23-034646-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President, Twilio Communications"}],"fact_type":"executive_change"},{"claim_id":"c7f22c1519","claim":"Elena Donio was appointed as President, Twilio Data & Applications at TWILIO INC.","evidence_excerpt":"the Board appointed Elena Donio as President, Twilio Data & Applications, effective March 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1447669/000119312523034646/0001193125-23-034646-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President, Twilio Data & Applications"}],"fact_type":"executive_change"},{"claim_id":"ce3ad4b10c","claim":"Aidan Viggiano was appointed as Chief Financial Officer at TWILIO INC.","evidence_excerpt":"the Board appointed Aidan Viggiano, 43, as the Company's Chief Financial Officer, effective March 1, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1447669/000119312523034646/0001193125-23-034646-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"d74396220a243b6eebf541463041f54d2f3d7c15","claim":"TWILIO INC announced a impairment with charges of approximately $10-$25 million affecting office locations.","evidence_excerpt":"The February announcement will result in an additional impairment of approximately $10-$25 million that will be recorded during 2023 as the exit activities are finalized in each location.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1447669/000119312523034646/0001193125-23-034646-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $10-$25 million"},{"label":"Affected area","value":"office locations"}],"fact_type":"restructuring_charge"},{"claim_id":"ff888058cb5648f186ead6b6f9266abcf2ab0b20","claim":"TWILIO INC announced a restructuring with charges of approximately $100-$135 million (approximately 17% of the Company’s current workforce).","evidence_excerpt":"On February 13, 2023, the Company committed to a workforce reduction plan (the “ February Plan ”), that is intended to reduce operating costs, improve operating margins, and accelerate profitability. The February Plan includes the elimination of approximately 17% of the Company’s current workforce. As a result of the February Plan, the Company estimates that it will incur approximately $100-$135 million in charges in connection with the workforce reduction, consisting of cash expenditures for employee transition, notice period and severance payments, employee benefits, and related facilitation costs.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1447669/000119312523034646/0001193125-23-034646-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $100-$135 million"},{"label":"Headcount","value":"approximately 17% of the Company’s current workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}