HubSpot will cut nearly 660 roles, about 7 percent of its workforce
HubSpot will eliminate nearly 660 roles, about 7 percent of its workforce, according to a Form 8-K filed Tuesday.
The board authorized the restructuring on October 1.
Most costs arrive this quarter.
The software company estimates $65m to $75m of charges, primarily cash payments for severance, notice periods, transition support and benefits. It expects the eliminations to be substantially complete by the end of March 2027, with substantially all related cash payments made by June 30.
HubSpot reaffirmed its third-quarter and full-year revenue and non-GAAP profit guidance. Chief Executive Yamini Rangan told employees that the decision was not driven by AI-related efficiencies, while saying HubSpot will continue investing in AI.
