Freshworks is laying off 660 employees, or 13% of its workforce, amid a restructuring effort.

Freshworks, a California-based software company, is laying off 13% of its workforce, impacting 660 employees, as part of a restructuring effort to enhance operational efficiency. This decision follows strong third-quarter results, leading to increased revenue and profit forecasts. Freshworks now projects annual revenue of $713.6 million to $716.6 million and adjusted profit per share of 38 to 39 cents. The restructuring will incur estimated charges of $11 to $13 million.

November 06, 2024
25 Articles