Freshworks
onZoho Founder Criticizes Freshworks' Layoffs and Buyback Amidst Profitability
- Zoho's Sridhar Vembu criticizes Freshworks for layoffs and stock buyback despite having $1 billion cash.
- Vembu questions Freshworks' lack of vision to invest $400 million in new business lines.
- Freshworks announced layoffs of 660 e...
Freshworks Announces $400M Buyback and 660 Layoffs
- Freshworks has approved a $400M stock repurchase program.
- The company is laying off 660 employees, a 13% reduction in workforce.
- CEO Dennis Woodside expects higher cash flows from business streamlining.
- Despite the buyback, Fresh...
Freshworks layoff 660 employees
Read news here: https://yourstory.com/2024/11/freshworks-cuts-13-of-its-workforce-impacting-660-employees
Top comment
Aaand they are up 5.2% today Investors reacting favourably We're all adults here but capitalism is funny
Accel Targets $700M India Fund, Largest Yet Amid VC Landscape Shifts
- Accel gearing up for eighth India fund, aiming for $600-700M by end of 2024
- First major VC fundraise after 2022's funding winter, signaling potential market thaw
- Firm's stable team and strong track record expected to attract signif...
Freshworks’ Chief Product Officer Prakash Ramamurthy Resigns Amid Management Rejig
- Prakash Ramamurthy, Chief Product Officer of Freshworks, has resigned to pursue another professional opportunity.
- He will assist the newly appointed CEO, Dennis Woodside, until October 1 to ensure a smooth transition.
- Chief Financi...
Freshworks Referral
Hi, is there anyone at Freshworks here who can help with a referral? It'll be greatly appreciated. Thanks in advance.