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Tech Company Will Lay Off 11 Percent of its Workforce Using a ‘Race-Based Focus’

Twilio, a cloud communications company that provides messaging systems for businesses like Lyft, Netflix, and Airbnb, has had a bad couple of months. In August, the company lost 18 percent of its value as earnings failed to match forecasts. The company also suffered a serious security breach in August that may have impacted its best customers.

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