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

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

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