The cloud communication software company Twilio announced plans to cut 17% of employees back in September. CEO Jeff Lawson said the cuts are a painful but necessary step as the company reorganizes its business units. We've got a closer look at Spotify, Super Bowl ads and the latest tech company to announce layoffs.
For the second time in five months, Twilio announces a round of layoffs.
(0:21) Jason Moser discusses: - How Twilio is cutting costs as they grow - What to watch when the company reports earnings on Wednesday afternoon - Memorable ads from Super Bowl 57
(13:20) Ricky Mulvey talks with Bloomberg entertainment reporter Lucas Shaw about the state of Spotify's business, its podcasting strategy, and whether they need to raise subscription fees.
Stocks discussed: TWLO, BKNG, WDAY, GOOG, DEO, SPOT, AAPL
Host: Chris Hill Guest: Jason Moser, Lucas Shaw Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks
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