Twilio restructuring shifts focus into earnings, says Jefferies

Jefferies analyst Samad Samana keeps a Hold rating on Twilio with a $50 price target after the company announced restructuring plans that include a 17% workforce reduction. While unfortunate, the move is necessary as Twilio focuses more on its higher-margin solutions and improving profitability at scale, the analyst tells investors in a research note. The analyst says today’s news shifts the focus when Twilio reports on Wednesday from the quarter to the plan going forward.