Software company HubSpot is laying off 660 employees, which is approximately 7% of its total staff. CEO Yamini Rangan stated the layoffs are part of a restructuring effort to improve speed and customer focus. These changes aim to align the company's structure and resources with its long-term strategy. Rangan clarified that the layoffs are not due to AI replacing jobs or for cost-cutting purposes. The company is reducing management layers to expedite decision-making.
Cambridge, Massachusetts
https://www.boston25news.com/news/local/cambridge-based-hubspot-announces-660-layoffs-amid-restructuring/JYFVTFT2QVEF5EE44PGWKF37CA/