GitLab To Cut 7% of Workforce

GitLab CEO Sid Sijbrandij said in a message to employees Thursday that the company is reducing headcount by 7%, or about 130 positions. From a report: "The current macroeconomic environment is tough, and as a result, companies are still spending but they are taking a more conservative approach to software investments and are taking more time to make purchasing decisions," Sijbrandij said in his message to employees. GitLab had 1,860 employees according to PitchBook data.

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