Every company that relied on low interest rate loans because the Fed held the rate at near 0% is sensitive to inflation when the Fed is about to raise that same rate.
They will burn through that cash much faster with higher interest rates on their 1.012B in debt.
The fact that revenues are not rising as fast as management expected means the only way left to reduce losses is to cut expenses.
https://www.macrotrends.net/stocks/charts/TWLO/twilio/debt-e...
And why are revenues falling? You see, it always comes back to interest rates and inflation.
Revenue is falling while the economy is still growing because pandemic trends are reverting to normal. Same as e-commerce, which caught Shopify and Amazon with too many employees. Same as media, which caught Netflix flatfooted.
People are shifting their spend from goods to services and from online to offline. Coincidentally, that's what people use to explain inflation. There's always micro trends underlying a macro trend.