GitLab CEO Sid Sijbrandij said in a message to employees Thursday that the company is reducing headcount by 11%, or about 130 positions.
“The current macroeconomic environment is tough, and as a result, companies are still spending but they are taking a more conservative approach to software investments and are taking more time to make purchasing decisions,” Sijbrandij said in his message to employees.
“I had hoped reprioritizing our spending would be enough to withstand the growing global economic downturn. Unfortunately, we need to take further steps and match our pace of spending with our commitment to responsible growth,” the CEO told employees.
