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Bird raises $450M in debt, headcount cut from 1,000 peak to 120

Single source: this ordinary industry development was reported by Tech.eu. WORLDTECH has not matched it against a second independent organisation, and it has not been officially confirmed by the organisations involved.

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What happened

Bird, the business communications platform once seen as a European rival to the US's Twilio, has raised $450m in debt financing, as it underscored its repositioning as an AI business, a shift which ha... The debt financing round was led by JP Morgan, Capital One and Citi, comprising a $400 million term loan and $50 million revolving credit facility.

Seven banks in total were involved in the financing. Netherlands-founded Bird, formerly known as MessageBird, was known for providing a unified platform for businesses to communicate with customers via email, SMS, WhatsApp, and voice.

But its founder Robert Vis has cited a major shift in the company's customer base and the impact of AI on its operations, resulting in a series of job cuts, and a repositioning of the 2011-founded company. Today, Bird claimed its headcount had fallen from more than 1,000 at its peak to 120 today, which it said was driven by automation across the business rather than a retreat.

Sources & evidence