HubSpot Inc.
said Tuesday it would layoff about 7% of its workforce, or about 500 employees, as part of a plan to cut costs. The internet marketing software company said the job cuts are expected to be completed by the end of the first quarter of 2023. The company said it was also consolidating office leases to create “higher density” in its workspaces. The company expects to record charges of $72 million to $105 million for the moves, including $24.
said Tuesday it would layoff about 7% of its workforce, or about 500 employees, as part of a plan to cut costs. The internet marketing software company said the job cuts are expected to be completed by the end of the first quarter of 2023. The company said it was also consolidating office leases to create “higher density” in its workspaces. The company expects to record charges of $72 million to $105 million for the moves, including $24.
Source: Tech Daily Report (techdailyreport.net)
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