Nasdaq-listed SaaS major Freshworks slipped into the red in the first quarter of 2026, posting a net loss of $4.8 Mn from a net profit of $191.4 Mn reported in the previous quarter (Q4 2025). On a YoY basis, loss jumped 3.6X from $1.3 Mn.
The company’s revenue stood at $228.6 Mn during the quarter under review, up 16% from $196.3 Mn in the year-ago quarter. On a sequential basis, revenue grew 2.7% from $222 Mn.
The company also announced that it will trim 11% of its workforce, representing around 500 employees, in a push to adopt AI in product and engineering along with automation of routine work across the board.
The layoffs are expected to affect the company’s teams globally and cost $8 Mn in one-time restructuring charges.
The company gave 13%-15% YoY revenue growth guidance for Q2 2026. It expects its top line to be between $232 Mn and $235 Mn in the June quarter.
(The story will be updated soon)
The post Freshworks Posts $4.8 Mn Loss In Q1 2026; To Lay Off 11% Workforce appeared first on Inc42 Media.
-
'Fell Into Water, Rope Around Neck': Woman Alleges Parasailing Mishap In Goa, Claims Rope Tightened Around Her Neck - VIDEO
-
Havmor Ice Cream Brings Street-style Nostalgia to Life with Guava Chilli Innovation
-
Freshworks to cut 11% workforce as AI reshapes software industry
-
Rays Power Infra Commissions 1.1 GW of Solar Capacity in a Single Year -- Marking Its Strongest Year of Execution
-
India pitches Bharat Innovates 2026 in Paris ahead of Nice conclave
