Amid Organizational Reshuffle, SAAS Unicorn Freshworks laysoff 90 Employees
- ByStartupStory | December 17, 2022
As a result of tight microeconomic pressures in the software industry, the company laid off less than 2% of its employees. The company stated the restructuring exercises are largely the result of a mix of macroeconomic factors such as inflationary pressures, rising interest rates and lower spending on software globally. Freshworks was not immune to a slow economy and was witnessing steady growth in some markets, all these factors lead to the decision to cutback.
“To fuel our business growth, we made organizational changes to create better alignment across the company. We shifted some existing roles in product, marketing and sales to support more critical initiatives and reduced the need for a small number of others – less than 2% of our workforce. Freshworks did not do a company-wide layoff,” a company spokesperson said.
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