Giant San Francisco tech company lays off about 800 staffers

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More than a tenth of its staff was cut Wednesday.

Laid-off employees will receive 12 weeks of severance pay, plus an additional week for every year worked at Twilio, Lawson says. Employees will also “receive the full value of Twilio’s next stock vest.” And in a rare acknowledgment of its employees with work visas, Lawson said the company will “be giving those team members even more support to hopefully minimize the disruption to them and their families.

Twilio is a cloud communications company, providing messaging systems for businesses like Lyft, Netflix and Airbnb.Top Picks In Shopping

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