Twilio Learns to Like ‘Profitable Growth’; Google’s Cuts

This is the year of corporate mea culpas, there’s no doubt about it. Twilio, the enterprise software firm best known for its messaging product, became the latest to acknowledge the errors of its ways when it unveiled plans today to cut 11% of its workforce. Twilio, said CEO Jeff Lawson, grew “too fast” in the past couple of years. His words echoed comments made recently by Coinbase’s CEO and, less directly, Robinhood and even Amazon. More noteworthy, though, was Lawson’s statement that Twilio was making the cuts because it is committed to becoming a “profitable growth company.”