8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): April 14, 2008

 TWL Corporation

(Exact name of registrant as specified in its charter)

Nevada	000-08924	73-0981865
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4101 International Parkway
Carrollton, Texas	75007
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (972) 309-4000

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On April 14, 2008, TWL Corporation (the “Company”) terminated 43 full-time employees and 5 part-time employees. The positions eliminated were in the areas of sales, marketing, administration, accounting, warehousing, customer-care and satellite communications. The Company anticipates saving approximately $2.77mm in total annual salary expenses as a result of these layoffs.

The Company issued a press release on April 17, 2008 announcing these recent developments, a copy of which is attached hereto as exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

Exhibit Name

99.1 Press release issued April 17, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TWL Corporation
April 17, 2008	By:	/s/ DennisJ.Cagan
		Name: Dennis J. Cagan
		Title: Chief Executive Officer and President

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

TWL CORPORATION ANNOUNCES RESTRUCTURING

 AND EXPENSE REDUCTION

Optimizing Cost Structure

CARROLLTON, Texas – April 15, 2008 – TWL Corporation (TWLO.OB, www.twlk.com), a leading provider of workplace training and information content for business and government organizations, announced today that the Company has undergone a substantial cost restructuring effort as part of its overall profitability recovery plan.

These actions are a component of completing the next phase of the recovery plan initiated in May of 2006.  At that time, management began a program to stabilize the Company’s declining revenues by reducing expenses, reorganizing sales, instituting new marketing initiatives and rebuilding production of core content and new programming.

The restructuring announced today involves the layoff of 43 fulltime employees and 5 part time employees, about a 27% reduction in staff effective April 14, 2008.  

As a result of these actions the Company projects an overall reduction in annualized expenses of approximately $2.77 Million, including approximately $577,000 in the current 2008 Fiscal year.  The Company will incur a one-time charge for severance costs of up to $35,000 in the current fiscal quarter.

“In the last six months our Company has made substantial strategic progress, however our revenues have not reached projected levels.  As a result we have taken appropriate actions to bring our overhead in line.  We are very excited by our customers’ initial enthusiasm for the first product from our March acquisition of Divergent Entertainment – Everybody Goes Home™.  Its launch at the recent FDIC trade show exceeded all expectations.  In addition, the recently formed Underwriting Group is also achieving initial success,” said Dennis Cagan, Chairman, Chief Executive Officer and President.  “Our management team, including the addition of Danny Hammett and Sheri Mills, is extremely talented and dedicated.  We are confident that TWL is poised for the success we have predicted,” continued Mr. Cagan.

Patrick Quinn, TWL’s Chief Financial Officer, commented, “A reduction in force is always a difficult experience for everyone involved.  However, we have succeeded in treating our departing colleagues with dignity and respect, and this aggressive action is a necessary step to meet our obligations to  shareholders.  

About TWL Corporation and its primary operating subsidiary TWL Knowledge Group, Inc.

TWL Corporation (TWLO.OB), through its subsidiary TWL Knowledge Group, Inc., is a leading global provider of integrated workplace learning solutions for skill development, compliance, safety, and emergency preparedness in the workplace.  Since 1986, the TWL Knowledge Group has met the training and education needs of more than 8 million professionals in the industrial, healthcare, automotive, fire & emergency, government, law enforcement, and the private security markets.

The following are some of the products and respected brands under TWL Knowledge Group:

· FETN™ - Fire and Emergency Training Network

· Everybody Goes Home™ - FETN Training Simulation

· LETN™ - Law Enforcement Training Network

· CBP-TV™ - Customs and Border Protection Television Network

· American Heat™

· PULSE™

· PSTN™ - Professional Security Training Network

· Homeland One™

· Trinity Healthforce Learning™

· Health and Science Television Network™

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Contacts:

Dennis Cagan

(972) 309-5555

dennis.cagan@twlk.com