Motley Fool Money Twilio's Layoffs, Spotify's Strategy
Feb 13, 2023
Jason Moser, a senior analyst at Motley Fool, discusses Twilio's recent layoffs and the implications for the tech sector. He sheds light on Twilio's cost-cutting measures while also reviewing memorable Super Bowl ads. Lucas Shaw, a Bloomberg entertainment reporter, dives into Spotify's struggles with profitability despite its large user base. The conversation explores Spotify's innovative pivot towards podcasts and audiobooks, alongside challenges around subscription pricing and changing content strategies in a competitive streaming landscape.
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Twilio's Layoffs
- Twilio announced layoffs for the second time in five months, cutting 17% of its workforce.
- This comes after an 11% reduction in September, totaling over 25% of their employees.
Layoff Trends
- Layoffs are a common theme in 2023, often occurring in multiple rounds.
- This phased approach allows companies to adjust without over-firing.
Twilio's Market Cap
- Twilio's market cap has significantly decreased, to about one-sixth of its value two years ago.
- Despite this, the company still holds potential, with an attractive stock price.