Zoho CEO on Freshworks' Layoffs: “This Is Naked Greed, Nothing …
1 day ago · Sridhar Vembu, Founder & CEO of Zoho, has swiped at Freshworks over its latest round of layoffs. Last week, Zoho’s CRM market rival cut 660 roles, trimming its workforce by 13 percent. Freshworks shared the announcement during an earnings call with investors. There, it also revealed “strong” revenue growth of 22 percent year-over-year (YoY).
'Shareholders should come last': Zoho founder bashes Freshworks layoffs …
6 days ago · The Salesforce competitor joins accounting big-four KPMG as a major brand to announce layoff this week. Reports on Monday said that KPMG was looking to cut at least 330 jobs, or 4 per cent, of its audit workforce in the US. Last week, the maker of the open-source browser, Mozilla Foundation, announced the layoff of 30 per cent of its workforce.
This is naked greed, nothing less: Zoho’s Sridhar Vembu on Freshworks …
6 days ago · Layoffs in the circumstances I mentioned totally destroy morale,” said Vembu. Meanwhile, on Thursday, the stock price of Freshworks closed at $16.82 on the Nasdaq, up by $3.73 or by 28.5 per cent.
Freshworks lays off 660 — about 13 percent of its global ... - CIO
6 days ago · The layoffs will cost the company somewhere between $11 million and $13 million for “cash expenditures for severance payments, employee benefits, and related costs” according to a US ...
Sridhar Vembu slams Freshworks layoffs; says cash-rich company …
6 days ago · Although he did not name the company, Vembu’s comments comes a day after Freshworks slashed around 13% of its global headcount, impacting 660 employees out of its 5,000-strong workforce.
San Mateo-based Freshworks to lay off 600 employees | KRON4
4 days ago · More Videos. (KRON) — Freshworks, a cloud-based software company based in San Mateo, California, announced it will cut around 600 jobs, trimming its global workforce by about 13 percent ...
Bay Area software company cuts 660 jobs to focus on AI
6 days ago · Despite the layoffs, Freshworks remains profitable, reporting a 22% year-over-year revenue increase. In its third-quarter earnings report, the company posted $186.6 million in revenue, up from ...
Freshworks announces 13% layoffs, $400 Mn stock buyback, and …
07 Nov 2024 11:40 IST. Follow Us. Nasdaq-listed SaaS platform Freshworks has announced a workforce reduction of 13% to streamline its operations, affecting 660 employees globally. Freshworks has more than 5,000 employees across India, Germany, France, the US, the UK, and the UAE, among others. In a stock exchange filing, Freshworks stated that ...
Freshworks Raises Annual Results Forecast, to Lay off 13% of Staff
Nov 6, 2024 · US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. ... to Lay off 13% of Staff. ... Freshworks now expects annual revenue to be between $713.6 million ...
Tech5: Freshworks announces 13 percent layoff, Capillary said to …
6 days ago · Freshworks announces 13 percent layoff and share buyback plan Freshworks is laying off 13 percent of its workforce, which will affect 660 people worldwide.
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