Twilio stock jumps 12% after chasing layoffs with first major share-repurchase plan

United States News News

Twilio stock jumps 12% after chasing layoffs with first major share-repurchase plan
United States Latest News,United States Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Twilio Inc. announced its first major share-repurchase plan Wednesday, two days after revealing the second large round of layoffs at the software company in...

Twilio Inc.

announced its first major share-repurchase plan Wednesday, two days after revealing the second large round of layoffs at the software company in less than six months. While cutting costs on employees, Twilio announced Wednesday that its board had approved a $1 billion share-repurchase program; FactSet records show that Twilio has not repurchased any shares in the past four years and less than $30 million since going public in 2013.

announced its first major share-repurchase plan Wednesday, two days after revealing the second large round of layoffs at the software company in less than six months. While cutting costs on employees, Twilio announced Wednesday that its board had approved a $1 billion share-repurchase program; FactSet records show that Twilio has not repurchased any shares in the past four years and less than $30 million since going public in 2013.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alison Brie Watched Clerks at 12 | First FandomsAlison Brie Watched Clerks at 12 | First Fandomsio9 chats with actor/writer Alison Brie about her fandom of Kevin Smith films.
Read more »

California tops 12 million coronavirus cases as XBB.1.5 becomes dominantCalifornia tops 12 million coronavirus cases as XBB.1.5 becomes dominantLOS ANGELES — The total number of coronavirus cases reported in California has topped 12 million.
Read more »

Hacked iPhone 12 Mini Has Ports For USB-C and LightningHacked iPhone 12 Mini Has Ports For USB-C and LightningThe video shows lightning and USB-C coexisting in peace, and it may be more peaceful than what Apple has cooked up for USB-C down the line.
Read more »

Remote work costing NYC $12.4B a year: ReportRemote work costing NYC $12.4B a year: ReportAccording to a new report, NYC office workers are spending nearly $5,000 less per person in the areas around their office,
Read more »

Pac-12 expansion, realignment speculation, updates: Conference 'united' amid rumorsPac-12 expansion, realignment speculation, updates: Conference 'united' amid rumorsRumors and speculation about possible Pac-12 realignment and expansion are swirling again. Here's the latest on the conference.
Read more »

Stanford loss costly to Arizona Wildcats in Pac-12 race — and possibly beyondStanford loss costly to Arizona Wildcats in Pac-12 race — and possibly beyondAfter losing at Stanford on Saturday, Arizona not only fell from No. 4 to No. 8 in the AP poll but dropped to a 3-seed in one projection of the NCAA Tournament field.
Read more »



Render Time: 2025-02-24 03:23:36