GitLab Lays Off 350 Employees
In brief
- GitLab laid off about 350 employees, 14% of its workforce, as part of a restructuring effort.
- The company is restructuring to exit 22 countries and invest in infrastructure to scale its platform.
- This change is due to increased traffic from AI workflows.
- GitLab's revenue is up 23% from last year, but the company needs to adapt to AI workloads.
- GitLab will rebuild its infrastructure to support 100x growth.
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