Twilio and anti-racist layoffs
Wait, what does that even mean? Anti-racist layoffs? Are they laying off people based on race demographics?
Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an "Anti-Racist" and "Anti-Oppression" lens.
"As you all know, we are committed to becoming an Anti-Racist/Anti-Oppression company," Lawson wrote. "Layoffs like this can have a more pronounced impact on marginalized communities, so we were particularly focused on ensuring our layoffs – while a business necessity today – were carried out through an Anti-Racist/Anti-Oppression lens."
The company had 7,867 employees as of Dec. 31, 2021, according to its December annual report.
In the past year, Twilio shares have declined in value by over 78%.
Source: Fox Business
Maybe they're trying to maintain proportional representation across demographics? I honestly don't know, but I'd love to hear someone explain what this actually means in practice.