After three rounds of layoffs and stock dropping over 80%, glad that their incompetent ceo resigned. The company will probably be sold off to private equity now and the rest of employees will be fired in the next few months. Any thoughts? Stunning to see the downfall of a once 100 billion dollar company. I see more smaller Saas companies being bought out or merged. https://www.cnbc.com/2024/01/08/twilio-ceo-lawson-steps-down-after-bruising-activist-battles.html
paywall article
Has twilio really innovated? They had a really popular messaging solution, but the communication landscape has drastically shifted since their inception.
They also did race based layoffs last year. Go woke go broke.
Your assessment is solid, OP
Layoffs don't lead to growth. Strategic leadership does đ
Company was lighting bags of money on fire but market was rewarding âgrowthâ with the stock going up after pricey acquisitions. Then market shifted to demanding profits. Canât turn on a dime. Yes, leadership dropped the ball in terms of having a plan to integrate these companies and make them all profitable, but the only path forward is to stop the bleeding, show profitability so people stop dumping the stock, and new leadership has to chart a path forward in terms of growth and innovation. Company got too big too fast and innovation slowed. Itâs a fixable problem but wonât happen overnight.
Not stunning when the ceo was hell bent on pushing products that the market did not want. He effectively used the sendgrid and messaging business to fund his adventures in marketing automation where engage literally fell flat and his other big push on customer service app was literally targeted for developers instead of actual call center agents. It was fine during low interest times as the company can borrow at will. Not anymore. And eventually the boards pressure forced him out.
Solid analysis. I think the product ideas were solid, but Twilio has failed to differentiate themselves from competitors and thus under performed from a sales perspective. Twilio is a communications company. These products were an attempt to branch out. Execution and sales didnât materialize.
So crazy, their comp packages were nuts before... bet those engineers who took it got scammed. They never even rejected me from a completed staff interview, but one of the chill engineers their kinda hinted not to work there haha
You should see the comp packages for executives. And look at the golden parachutes people like Eyal Manor received after being canned while he spent 18 months âlearningâ and doing effectively nothing.
We called him E Manure internally for a reason. Dumb as a brick.
Today is a national holiday for former Twilions who worked relentlessly to raise the company up to see that potential squandered by Jeff and his pals in leadership. A textbook example of why founders need to step aside and let capable leaders take companies to the next level.
Jeffâs biggest failing is hiring numerous unqualified executives who did nothing and walked away with tens of millions of dollars in golden parachutes. Everyone is still super salty about that.
Isnât product having no to little value? Just some calling service/api. It can be easily replicated by aws, azure etc. glad I never found product interesting to apply or to do serious investment
Your meraki product is woefully inadequate of sending an SMS itself and relies on Twilio for 2FA đââď¸
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The news article doesn't mention any reason. Are you sure you're not going down the slippery slope with your analysis and predictions?
Been in the industry for 25 years. When 2 of your 3 executives resign and they make a cfo as ceo, the company is going to be sold
I thought Groupon was a dying star, but it looks like twilio beat it.