Freshworks cuts 500 jobs as AI writes over half its code
Freshworks, a business-software company, is laying off 500 employees, representing 11% of its global workforce. The cuts come as the company reports that AI now generates more than half of its code. The layoffs will incur approximately $8 million in one-time charges. The announcement was made in conjunction with the company's earnings report.
Key facts
- Freshworks is cutting 500 jobs.
- The layoffs affect 11% of the global workforce.
- AI writes more than half of Freshworks' code.
- The cuts will cost about $8 million in one-time charges.
- The announcement was tied to the company's earnings.
Entities
Institutions
- Freshworks
Sources
- Quartz —