HubSpot Inc
NYSE:HUBS 4:00:00 PM EDT
Debt Financing / Related, Layoffs
Hubspot Inc Authorizes Restructuring Plan
Published: 01/31/2023 14:15 GMT
HubSpot Inc (HUBS) - Hubspot Inc - on January 25, 2023, Board of Directors of Hubspot, Inc Authorized a Restructuring Plan.
Hubspot Inc - Restructuring Plan Includes a Reduction of Company's Current Workforce by Approximately 7%.
Hubspot Inc - Restructuring Plan Includes Lease Consolidation to Create Higher Density Across Our Workspaces.
Hubspot Inc - Estimates That It Will Incur Charges of Approximately $72.0 Million to $105.0 Million in Connection With Plan.
Hubspot Inc - $24.0 Million to $31.0 Million of Charges Under Restructuring Plan Are Related to Employee Severance Costs.
Hubspot Inc - $48.0 Million to $74.0 Million of Charges Are Related to Lease Consolidation.
Hubspot Inc - Actions Associated With Workforce Reduction Under Plan Are Expected to Be Substantially Complete by End of Q1 of 2023.
Hubspot Inc - Actions Associated With Lease Consolidation Under Plan Are Expected to Be Fully Completed in 2023.
Hubspot Inc - Restructuring Plan Designed to Reduce Operating Costs and Enable Investment in Key Opportunities for Long-term Growth.
Hubspot Inc - Restructuring Plan Includes a Reduction of Company's Current Workforce by Approximately 7%.
Hubspot Inc - Restructuring Plan Includes Lease Consolidation to Create Higher Density Across Our Workspaces.
Hubspot Inc - Estimates That It Will Incur Charges of Approximately $72.0 Million to $105.0 Million in Connection With Plan.
Hubspot Inc - $24.0 Million to $31.0 Million of Charges Under Restructuring Plan Are Related to Employee Severance Costs.
Hubspot Inc - $48.0 Million to $74.0 Million of Charges Are Related to Lease Consolidation.
Hubspot Inc - Actions Associated With Workforce Reduction Under Plan Are Expected to Be Substantially Complete by End of Q1 of 2023.
Hubspot Inc - Actions Associated With Lease Consolidation Under Plan Are Expected to Be Fully Completed in 2023.
Hubspot Inc - Restructuring Plan Designed to Reduce Operating Costs and Enable Investment in Key Opportunities for Long-term Growth.