Twilio Cuts 17% of Jobs
Cloud communications company Twilio has announced that they will be cutting 17% of their workforce and closing some offices as part of a restructuring effort to increase profitability. This is the second round of job cuts for the company in the past five months. The CEO and co-founder, Jeff Lawson, said that the company will be reorganized into two units, Twilio Communications and Twilio Data and Applications, because the two parts of their business are in different stages and have different needs. The company’s revenue grew at the peak of the pandemic but has since slowed down, although their stock has risen 25% this year as technology stocks have recovered after cost-cutting.
TWLO Stock Price Forecast & Analysis
The stock forecasts for Twilio Inc from 18 different analysts suggest that the average target price for the company over the next 12 months is USD 80.96. This means that the analysts, on average, believe that the stock price will reach this level over the next 12 months. The average analyst rating for Twilio Inc is “Buy,” indicating that the majority of the analysts believe that the stock is a good investment opportunity.
Stock Target Advisor has given Twilio Inc a neutral rating. This rating is based on the evaluation of 4 positive signals and 4 negative signals for the company’s stock. The positive signals suggest favorable market conditions for the stock, while the negative signals indicate challenges that could impact the stock’s performance.
At the last closing, Twilio Inc’s stock price was USD 60.07. Over the past week, the stock price has changed by -3.89%, meaning it has gone down by that percentage. However, over the past month, the stock price has risen by 13.94%. In contrast, over the last year, the stock price has declined by 68.53%. This information gives a general idea of the recent performance of the stock and can help investors make informed decisions about buying or selling it.
