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FRESHWORKS RESTRUCTURING
Over 114,000 jobs cut in tech so far in 2026 as AI drives layoffs at Amazon, LinkedIn, othersTech companies are implementing significant workforce reductions, with 114,210 roles cut in early 2026, driven by AI and automation. Major ...- GitLab to cut jobs, reinvest in AI agents push: CEO Bill StaplesGitLab is cutting jobs to redirect resources towards the growing market for AI agents, aiming to capitalize on emerging "agentic" opportuni...
- Cloudflare to cut about 20% of 5,000-plus workforce as AI adoption reshapes operationsCloudflare announced significant layoffs, cutting approximately 20% of its workforce, impacting over 1,100 global employees. This restructu...
- Deeptech bets heat up; Paytm, PB Fintech, Meesho earningsHappy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Mornin...
- Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
- Freshworks cuts 500 jobs; Q1 revenue hits $228 millionFreshworks announced significant job cuts, reducing its workforce by 11% or approximately 500 employees. This move comes as the business so...
- Warburg Pincus-backed Whatfix lays off 6% of staff; trims sales, marketing rolesThe Bengaluru-based firm has handed pink slips to employees in its sales and marketing teams as increased adoption of artificial intelligen...
- Girish Mathrubootham exits Freshworks: A timeline of the SaaS major’s 15-year journeyThe vision of the founder of the company is summed up in one of his posts: “I wanted us to think and act like a global company even if we w...
- Freshworks Q2 revenue rises 18% to $205 million, net loss narrowsFreshworks reported an 18% year-on-year revenue rise to $204.7 million for Q2, with net loss narrowing to $1.7 million. Boosted by strong A...
- Freshworks sees growth; Prosus’ Rapido rideNasdaq-listed SaaS company Freshworks reports strong revenue growth in the fourth quarter, reaching $194.6 million. This and more in today’...
- Freshworks Q4 revenue rises 22% to $194.6 million, losses narrow to $21.9 millionThe Chennai and San Mateo, California-headquartered firm reduced its net loss by around 21.7% to $21.9 million during the quarter under rev...
- Tech layoffs in 2024: The year that saw big tech job cuts surgeIndustry giants such as Microsoft, Google and Apple were at the forefront of this trend. Google reduced top management roles by 10% as part...
- Year in Review: SaaS firms tackle funding dip and a slump amid AI disruptionIndia's SaaS industry is facing challenges such as slowing demand, cautious investor funding, and the impact of AI. Funding levels remain b...
- Understand layoffs when struggling but this naked greed: Zoho CEO lashes out at company for reducing workforce by 13%Zoho CEO Sridhar Vembu criticized Freshworks for laying off 13% of its workforce, despite having $1 billion in cash and announcing a $400 m...
- Digital payments set Diwali record; ED raids Flipkart, Amazon sellersHappy Friday! Digital payments spiked during the festival of Diwali. This and more in today’s ETtech Morning Dispatch.
- ED raids Amazon, Flipkart sellers; layoffs at FreshworksThe Enforcement Directorate has conducted search operations at the premises of Amazon and Flipkart sellers. This and more in today’s ETtech...
- Freshworks to lay off 660 employees amid global restructuringThe California-based company said it will lay off 13% of its workforce, or 660 employees, globally in a bid to streamline operations. It ex...
- Reliance, Nvidia to develop AI infra in India; Freshworks draws large customersMukesh Ambani-led Reliance Industries has tied up with chipmaker Nvidia to develop India’s own foundation large language model. The petroch...
- Zomato Delhivers profits, Freshworks en route; and other top tech & startup stories this weekThe April-June earnings posted in the past week by companies such as food and grocery delivery platform Zomato, software-as-a-service major...
- Smaller tech firms open to moonlighting, subject to disclosuresMid-tier technology companies and tech startups are having open discussions with employees to inspire confidence among moonlighters to disc...
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