Freshworks to layoff 660 employees: “There’s simply no good time …,” CEO in email to employees

Freshworks has announced to lay off 13% of its workforce or 660 employees, as part of its efforts to streamline operations. The US-based IT company has more than 5,000 employees at the moment. CEO Dennis Woodside wrote a letter to the company’s staff, informing them about the job cuts that will impact its staff across the US, India and its other locations. The letter was published by Freshworks in a regulatory filing with the US Securities and Exchange Commission (SEC) reporting the company’s quarterly earnings.