HubSpot cuts 7% of workforce, about 660 jobs

HubSpot announced it is cutting 7% of its workforce—roughly 660 employees—as it reorganizes around AI-driven customer outcomes. CEO Yamini Rangan said the layoffs were not driven by AI efficiencies but aimed at building a flatter organization. The restructuring is expected to cost $65–75 million, mostly in severance.

• About 660 employees, or 7% of staff, will be laid off
• Restructuring costs are estimated at $65–75 million
• Affected staff get 20 weeks of base pay plus up to 30 weeks for tenure
• HubSpot stock is down more than 43% this year