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They had to or they wanted to? It says there was a business slow down. However, it did not say how much, if they were losing revenue, or why they didn't have a
by monksy 4y ago
They had to or they wanted to?
It says there was a business slow down. However, it did not say how much, if they were losing revenue, or why they didn't have a plan for this. [This implies that their business people understands the nature of the business and can comprehend that low periods happen in the business]
Also, the article states their stock is down, is this a free falling business or do they have a plan of attack to deliver value to their customers? (Rather than attempting to show good numbers via reduced staff)
- bognition 4y ago> to deliver value to their customers HubSpot is best in class at marketing and CRM. It's delivering a lot of value, the growth numbers just aren't as good as they used to be. It boomed in 2021 and then tapered off in 2022
- lumost 4y agoI think the parent is noting that there is a rush for every tech company to taper staff via layoffs right now. However it's unclear if the 7% layoff materially affects HubSpot's trajectory. HubSpot listed a 100MM dollar outlay for restructuring expenses. If they had simply maintained a hiring freeze for the next year would they have ended up in a materially different spot? These 7% layoffs seem somewhat dubious from a business value perspective, the growing consensus is that this is actually about employer vs. employee control. Alternative explanation is that interest rates are about to beak 6% at which point it doesn't make much sense to be invested in any money losing tech firm.