60 Indians are among the 90 employees that the IT company Freshworks is laying off globally.

 

Software-as-a-service (SaaS) industry leader Freshworks, which is listed on the Nasdaq, has announced that it has laid off 90 workers, or around 2% of its whole workforce, in order to support business growth. There are around 60 Indian employees that are impacted by this. Five thousand two hundred employees work for the company as a whole.

"We made organisational adjustments to improve alignment across the company to support the expansion of our business. We decreased the need for a limited number of other positions—less than 2% of our workforce—while shifting some current responsibilities in product, marketing, and sales to support more crucial projects. Freshworks claimed in a statement on Thursday that there had been no corporate-wide layoffs.

Its founder and CEO Girish Mathrubootham stated in an email to staff that this is not a structural change but rather a company-wide layoff. According to a Moneycontrol investigation, Mathrubootham wrote in the email, "In all the modifications we undertook we have deployed and retained the bulk of our teammates, however a few around 2% of 5,200 persons or approximately 90 employees for whom we do not have a conveniently available open position."

Additionally, he stated that the organisation is making every effort to assist impacted employees with transition support, including outplacement services and extended healthcare coverage.

According to co-founder Krish Subramanian's LinkedIn post, Chargebee, a software company with offices in San Francisco and Chennai, also fired 142 employees, or about 10% of its workforce, as a result of severe macroeconomic conditions and to pay down the startup's mounting operating debt.In order to reduce costs, Salesforce revealed in November that it would fire around 2,000 workers. Additionally, Zendesk disclosed the termination of about 300 workers last month.

The businesses have now been added to the list of businesses that have fired workers this year. In order to reduce costs amid challenging financial conditions worldwide, tech behemoths Meta, Twitter, and Amazon have also laid off people.