Freshworks to cut 13% of global workforce amid strong Q3 earnings and AI demand
Live MintFreshworks, the California-based software company, announced plans to lay off 13% of its workforce, equating to 660 employees globally. Freshworks now anticipates annual revenue between $713.6 million and $716.6 million, an increase from its previous forecast of $707 million to $713 million. Freshworks Q3 revenue, profit surpass expectations For the third quarter, Freshworks posted a 22% increase in revenue, reaching $186.6 million, which exceeded analysts' expectations of $181.6 million. Freshworks is forecasting fourth-quarter revenue to fall between $187.8 million and $190.8 million, which aligns with analyst projections. Freshworks forecast fourth-quarter revenue to be between $187.8 million and $190.8 million, the midpoint of which was in line with estimates.
History of this topic
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