Twilio on Monday announced plans to cut around 17% of its workforce, or roughly 1,500 jobs based on the 8,992 employees reported as of Sept. 30, 2022. The announcement came after the cloud communications software maker already laid off around 11% of its workforce as part of a restructuring plan in September. CEO Jeff Lawson said Twilio is forming two business units to help the company spend less and become more efficient. One unit, Twilio Data & Applications, will be led by Elena Donio, and the second unit, Twilio Communications, will be led by Khozema Shipchandler. Lawson said that when executives were looking at these two business units, it was clear the company had gotten "too big," particularly in communications. Lawson said it is clear that Twilio needed to carry out "significant structural changes" in order to better execute its strategy.