A prominent software company that designs marketing, sales, and customer service software, HubSpot (HUBS) is making one of its boldest moves yet.
The company announced on Oct. 6 that it will cut about 7% of its workforce, or nearly 660 employees, as part of a restructuring designed to create a flatter, faster organization. The move comes as HubSpot shifts from building software features toward delivering customer outcomes with AI.