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HubSpot cuts ~7% of workforce in restructuring plan with $65M-$75M charges
HUBSHubspot Inc
HubSpot's board authorized a restructuring plan eliminating approximately 7% of its workforce, impacting nearly 660 employees. The company estimates it will incur charges of $65 million to $75 million for severance and transition costs, expected to be recognized primarily in the fourth quarter of fiscal 2026. HubSpot reaffirmed its Q3 FY2026 revenue and non-GAAP operating income guidance, noting that restructuring charges are excluded from non-GAAP measures. The company aims to create a flatter organization focused on customer outcomes and AI-driven growth. HubSpot operates in the software industry, providing cloud-based CRM and marketing automation platforms.