DIRS.INFO The most relevant business & tech news

☆ How Bloomberg Beta's James Cham finds the tech founders making a 'dent in the universe'
▼ + stars: | 2024-05-06 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

Cham ended up writing one of the first checks to Weights & Biases after he was convinced Biewald fulfilled his lofty criteria for backing founders. "I am looking for people who are trying to make a dent in the universe," Cham said. Instead of asking founders how they plan to make that dent, Cham prefers to spend lots of time observing them to see what makes them tick. Cham began making his own dent in the world after majoring in computer science at Harvard and becoming a consultant at Accenture. "The reality that the money that we make goes towards Bloomberg Philanthropies is something founders oftentimes find appealing," Cham said.

Persons: James Cham, Lukas Biewald, Cham, Biewald, Jeff Lawson, It's, Bloomberg Philanthropies, who've, James, Shreya Rajpal, who's, Rajpal Organizations: Bloomberg Beta, Business, Harvard, Accenture, Massachusetts Institute of Technology, Bessemer Venture Partners, Trinity Ventures, Bloomberg

☆ Twilio cofounder Jeff Lawson appears to have just bought The Onion
▼ + stars: | 2024-04-25 | by ( Katherine Long | Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Satirical news website The Onion was sold to a company called Global Tetrahedron. Global Tetrahedron is also the name of a fictional evil megacorporation in a long-running Onion gag. But it's a real company, and Twilio founder Jeff Lawson appears to be behind it. AdvertisementJeff Lawson, the cofounder of cloud computing company Twilio, appears to have purchased the satirical news website The Onion from G/O Media. When asked whether he had purchased The Onion, Lawson played coy.

Persons: Jeff Lawson, —, Lawson, Jim Spanfeller, Katie Robertson, Spanfeller, coy, O Organizations: Service, O, New York Times Locations: San Francisco, Chicago

☆ Sachem Head’s Andy Stafman joins Twilio’s board. Here’s how he may help grow margins
▼ + stars: | 2024-04-06 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

More recently, after nominating a majority director slate, Sachem Head settled for three board seats at US Foods. Taking board seats signifies both commitment and contribution, and this philosophy and style is really paying off for Sachem Head. After 2021, the revenue growth started slowing: It's 8.5% today, and it's estimated to be 5% to 10% in the coming years. As much as a growth market rewards hyper-growth stocks, it punishes those companies when revenue growth slows. On March 30, Sachem Head received a board seat for Andy J. Stafman, partner at Sachem Head, and agreed to withdraw its notice of shareholder proposals and nomination of candidates for election to the board at the 2024 annual meeting.

Persons: Scott Ferguson, Sachem, Ferguson, Olin —, Twilio, Twilio's, Jeff Lawson, Khozema, denigrate Lawson, Sinch, Andy J, Stafman, Anson, Sagar Gupta, Thomas Wyatt, Ken Squire Organizations: Pershing, Olin, US Foods, Sachem, Communications, Gartner, IDC, Twilio . Legion Partners, Anson Funds, Legion Partners, 13D Locations: Twilio

☆ Twilio board shakeup prompts renewed activist scrutiny
▼ + stars: | 2024-04-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

On Monday, Twilio announced a settlement with Sachem Head, an activist investor whose involvement in the company had been previously unreported. The agreement resulted in Twilio, which sells communications software, giving a board seat to Andy Stafman, a partner at Sachem Head. Two days later, Twilio said Byron Deeter, a prominent venture capitalist and early investor in the company, would be leaving the board. On March 11, less than a week after Twilio concluded the review, Sachem Head told the company it planned to nominate board candidates. "This issue remains relevant despite Mr. Deeter's departure given the continued directorship of another Bessemer partner," Gupta said.

Persons: Twilio, Jeff Lawson, Anson, that's, Andy Stafman, Byron Deeter, Sagar Gupta, Gupta, Lawson's, Legion, FactSet, Lawson, Sachem, Stafman, Deeter, Bessemer, Jeff Epstein Organizations: Anson Funds, Sachem, Board, Nasdaq, Legion Partners, CNBC, Bessemer Locations: Twilio, Europe, Anson, Bessemer

☆ Mathilde Collin built a $1.7 billion email startup by the time she was 32. She's now stepping back at an inflection point for Front.
▼ + stars: | 2024-03-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

And so last fall, Collin kicked off a search for a new board director, to fill in her knowledge gaps. Now, Collin says she will step down as chief executive of Front after her hunt for a board director took an unexpected turn. She will move into an executive chair role on April 15, when O'Connell takes up the mantle as chief executive, Front tells Business Insider exclusively. Known for her sharp wit and radical candor, Collin started the business out of college in her native France. Advertisement"We're at a scale now where the CEO can't come in and sort of wave the proverbial magic wand and make things happen," said Mohammed Attar, Front's chief product officer.

Persons: Mathilde Collin, Collin, Dan O'Connell, O'Connell, Garry Tan, Paul Buchheit, Jack Altman, Kyle Vogt, Cruise, Jeff Lawson, Mohammed Attar, —, Josh Stein, Stein Organizations: Service, Business, Dialpad, Front Locations: San Francisco neighborhood, France, Dialpad

☆ Twilio begins operational review of activist-targeted business unit
▼ + stars: | 2024-02-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Twilio has been the subject of shareholder scrutiny over the performance of its Segment business, which it acquired at a large premium to its private-market valuation and has dragged on the performance of Twilio's longer-standing communications business. Activist investors at Anson Funds and Legion Capital have both said they would like the company to sell off either the Segment unit or the whole company. The company reported earnings per share, excluding items, of 86 cents, better than an LSEG, formerly Refinitiv, consensus estimate of 58 cents. The company reported a loss of $365.4 million in its fourth quarter. Analysts surveyed by StreetAccount had been expecting 311,000 active customers, but the company reported only 305,000 active customers.

Persons: Jeff Lawson, Twilio, Twilio didn't, Jeff Lawson's, Lawson, Khozema Shipchandler, Shipchandler, StreetAccount Organizations: Communications, Twilio Inc, New York Stock Exchange, Anson Funds, Legion Capital, Revenue, CNBC PRO Locations: New York City

☆ Twilio CEO Lawson steps down after bruising activist battles
▼ + stars: | 2024-01-08 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

The move comes as Twilio grapples with two activist investors who have been pushing for significant changes. In a regulatory filing announcing the move, the company also said Twilio expected fourth-quarter revenue and income to come in above its prior guidance. Lawson will also step down from Twilio's board, where he had served as chairman. "I am honored to step into the CEO role," Shipchandler said in a release. We look forward to continuing to engage with Twilio's Board and management team going forward," he added.

Persons: Jeff Lawson, Spain Twilio, Twilio, Lawson, Khozema, Shipchandler, Jeff Epstein, we've, Jeff Lawson's, Sagar Gupta, Gupta, Partner's Organizations: Twilio, Mobile, Congress, Bessemer Venture Partners, Anson Funds, Legion Partners, CNBC, Qatalyst Partners, Twilio's, Partners, Twilio's Board, CNBC PRO Locations: Barcelona, Spain, Twilio

☆ Twilio lays off 5% of employees in unit activists want to divest
▼ + stars: | 2023-12-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023. Software provider Twilio said Monday it would lay off roughly 5% of its workforce citing underachievement in the growth of a unit that activist investors have targeted. The cuts will strike deepest in Twilio's Data and Applications unit, the same unit activist investors at Legion Partners and Anson Funds are pushing Twilio CEO Jeff Lawson to divest. Lawson said in his letter that Twilio will also change how it sells its Flex digital engagement product. Anson and Legion have pushed Twilio to sell the Data & Applications unit, if not the whole company.

Persons: Jeff Lawson, Twilio, Anson, Legion, Lawson, hasn't Organizations: Twilio Inc, Singapore FinTech Festival, underachievement, Legion Partners, Anson Funds, CNBC, Securities, Exchange Commission, Communications, Legion Locations: Singapore

☆ Activist fund Anson takes Twilio stake, urges board to sell
▼ + stars: | 2023-11-28 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Anson Funds has built a stake in Twilio and sent a letter to the enterprise software company's board pushing for the sale of the entire business, a person familiar with the matter told CNBC. The letter to the board urges Twilio to either sell itself or at a minimum, divest its data and applications business, the person familiar said. "Twilio regularly engages with shareholders and appreciates constructive input that furthers our goal of creating sustainable long-term value," a Twilio spokesperson told CNBC in a statement. The continued activist attention caps off a challenging year for Twilio, which makes software that helps businesses engage with their customers. In March, Silver Lake and CPP Investments announced a deal to take survey software company Qualtrics private in a $12.5 billion deal.

Persons: Jeff Lawson, Anson, Twilio, Sagar Gupta, Gupta Organizations: Twilio Inc, New York Stock Exchange, CNBC, Legion Partners, The, Twilio, Communications, Tech, Investments, IBM, Cisco, CNBC PRO Locations: New York, Twilio, Silver

☆ We're focused on our customers, not other big tech competitors: Twilio CEO
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're focused on our customers, not other big tech competitors: Twilio CEOJeff Lawson of Twilio discusses the company's strategy of utilizing generative AI to transform customer communications and explains why he is not worried about increasing competition in the space.

Persons: We're, Jeff Lawson, Twilio

☆ Twilio CEO on earnings beat, margins and cost discipline
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwilio CEO on earnings beat, margins and cost disciplineJeff Lawson, Twilio co-founder and CEO, joins 'Squawk on the Street' to discuss how Lawson sees the narrative shaping around Twilio, how much more Twilio can get on margins, and much more.

Persons: Jeff Lawson, Twilio, Lawson Locations: Twilio

☆ Twilio CEO Jeff Lawson: As the economy heats up again it will be a tailwind for us
▼ + stars: | 2023-09-11 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Twilio CEO Jeff Lawson: As the economy heats up again it will be a tailwind for usTwilio Co-Founder and CEO Jeff Lawson joins 'Mad Money' host Jim Cramer to talk the AI boom, customer growth and more.

Persons: Jeff Lawson, Jim Cramer Organizations: Twilio

☆ These are Goldman Sachs' favorite AI plays for the long haul
▼ + stars: | 2023-08-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Artificial intelligence may only be in its early innings, but Goldman Sachs is naming its favorite stocks to benefit from this disruptive technology over the long haul. To find the winners and the company-specific earnings boosts from AI, Goldman first calculated the share of wage bill exposed to AI automation. Goldman found the potential earnings change from AI adoption by averaging the results from two scenarios. Outside the technology sector, Goldman Sachs highlighted Walmart and Walgreens Boots Alliance as potential winners within the consumer staples sector. AI could boost baseline earnings 44% overtime at Walmart, which last week lifted its full-year outlook due to heightened grocery and online spending.

Persons: Goldman Sachs, Goldman, Russell, Andy Jassy, Twilio, Jeff Lawson, CNBC's Michael Bloom Organizations: Amazon, CNBC, Software, Walmart, Walgreens Boots Alliance, Illumina, Occidental Petroleum

☆ Twilio CEO Jeff Lawson: We're focused on more efficient growth now
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwilio CEO Jeff Lawson: We're focused on more efficient growth nowTwilio CEO and co-founder Jeff Lawson joins 'Squawk on the Street' to discuss the company's quarterly earnings results, sales growth and revenue outlook, and more.

Persons: Jeff Lawson, We're

☆ Activist investor Legion urges Twilio to consider board changes, divestitures- The Information
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

May 30 (Reuters) - Activist investor Legion Partners has met Twilio Inc (TWLO.N) officials several times, urging the cloud computing company to make changes to its board and consider divestitures, The Information reported on Tuesday. A spokesperson for Legion confirmed to Reuters that it has been in dialogue with Twilio, adding the hedge fund is hopeful that "significant action" will be taken. Twilio's use of supervoting shares, which give Chief Executive Jeff Lawson a near 22% voting stake, is set to expire in less than a month, according to The Information report. Shares in Twilio jumped about 5% after the report. The company in February had said it was eliminating about 17% of its workforce and closing some offices to improve profitability.

Persons: Twilio, Jeff Lawson, Lawson, Deborah Sophia, Shilpi Majumdar Organizations: Partners, Twilio Inc, Legion, Reuters, Bed, Wall, Thomson Locations: Twilio, Francisco, Bengaluru

☆ Twilio CEO Jeff Lawson sees direct correlation between economy and Twilio's performance
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwilio CEO Jeff Lawson sees direct correlation between economy and Twilio's performanceTwilio CEO and co-founder Jeff Lawson joins 'Closing Bell Overtime' to discuss quarterly results, forward guidance, and stock performance.

☆ Twilio stock falls on weaker-than-expected revenue forecast
▼ + stars: | 2023-05-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Twilio shares fell as much as 14% in extended trading on Tuesday after the developer of communications software issued a forecast for the second quarter that trailed analysts' estimates. Here's how the company did:Earnings: 47 cents per share, adjusted, vs. 21 cents per share as expected by analysts, according to Refinitiv. 47 cents per share, adjusted, vs. 21 cents per share as expected by analysts, according to Refinitiv. Revenue: $1.01 billion, vs. $1.00 billion as expected by analysts, according to Refinitiv. Prior to the after-hours move, Twilio shares were up 14% in 2023, while the S&P 500 index is up 7% this year.

☆ Google employees complain about CEO Sundar Pichai's pay raise as cost cuts hit rest of the company
▼ + stars: | 2023-05-03 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. (Photo by Anna Moneymaker/Getty Images)Google CEO Sundar Pichai received a hefty pay raise last year, making him one of the highest-paid CEOs in America. SEC filings showed Pichai was paid a total of $226 million last year, mostly through $218 million in stock awards. Twilio CEO Jeff Lawson said he'd also be taking a pay cut amid a 17% workforce reduction. At an all-hands meeting, employees asked Pichai why executives are getting pay cuts if he's taking responsibility.

Twilio CEO Jeff Lawson bought $10 million worth of his company's stock last week, putting him at the top of the list for insider buying, according to VerityData and securities filings. Twilio, like many other tech stocks, deflated in 2022, and the stock is down about 80% since mid-October 2021. A $10 million buy from Twilio CEO Jeff Lawson on Feb. 24. A nearly $2 million buy from Impinj chairman Steve Sanghi on Feb. 23. On the smaller side, Charles Rivers Labs director Richard Wallman made his second insider buy in three months.

☆ We're focused on really looking at our investments says Twilio CEO Jeff Lawson
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're focused on really looking at our investments says Twilio CEO Jeff LawsonJeff Lawson, Twilio co-founder and CEO, joins 'TechCheck' to discuss his thoughts on the company's layoffs and shares popping after its first billion dollar quarter.

☆ Twilio announced top executive departures at an all-hands meeting to discuss recent layoffs. Leaked messages show employees felt blindsided and let down: 'Trust is nonexistent at this point.'
▼ + stars: | 2023-02-15 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

The company addressed the plans, and announced executive departures, during an all-hands meeting. Eyal Manor — the chief product officer to whom the company just agreed to give a $2.5 million cash bonus — is leaving the company, Twilio leaders announced in the all-hands. Lybra Clemons — the company's first chief diversity, inclusion, and belonging officer, hired in 2020 — is also leaving, Twilio announced during the all-hands. The plan to cut 17% of workers follows another significant Twilio layoff in September when the company cut 11% of workers. In September, Twilio announced layoffs of 11% of its workforce.

☆ Twilio to Lay Off 17% of Staff in Second Round of Cuts
▼ + stars: | 2023-02-13 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Twilio Inc. said it is laying off about 17% of its employees, its second round of job cuts in about five months, and reducing certain employee perks as the cloud-communications company moves to prioritize profit over growth. Chief Executive Jeff Lawson said Monday that the company is reorganizing into two business units: Twilio Communications and Twilio Data & Applications. Khozema Shipchandler , the current chief operating officer, will serve as head of the new communications unit, while Elena Donio , president of revenue, will head up the Data & Applications business.

☆ Twilio to Lay Off 17% of Workers in Second Round of Cuts
▼ + stars: | 2023-02-13 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Twilio Inc. said it is laying off about 17% of its employees, its second round of job cuts in about five months, and reducing certain employee perks as the cloud-communications company moves to give priority to profit over growth. Chief Executive Jeff Lawson said Monday that the company is reorganizing into two business units: Twilio Communications and Twilio Data & Applications. Khozema Shipchandler , the current chief operating officer, will serve as head of the new communications unit, while Elena Donio , president of revenue, will head up the Data & Applications business.

☆ Twilio announces another round of layoffs, reorg in profit push
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - Cloud communications company Twilio Inc (TWLO.N) said on Monday it was eliminating about 17% roles and closing some offices as part of a restructuring effort to focus on profitability. Technology firms have laid off thousands of workers recently as they brace for a period of lower demand, high interest rates and macro economic instability. The move, which is the second instance of job cuts in five months, sent the company's share up 2%. Twilio will also reorganize the company into two units, Twilio Communications and Twilio Data and Applications. Reporting by Yuvraj Malik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Twilio to lay off about 1,500 employees, or 17% of its workforce
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

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, in a company filing with the Securities and Exchange Commission. Twilio announced the layoffs in a blog post shared on its website. 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. In January, Google revealed plans to lay off more than 12,000 workers, Microsoft announced plans to cut 10,000 employees and Salesforce said it planned to lay off 7,000 workers.

Search resuls for: "Jeff Lawson"

25 mentions found