Business Insider
US · 33 mins ago
✦ 75◉ Centre
GitLab employees are the latest to face layoffs limbo. Read the CEO's memo about restructuring 'openly.'
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Accuracy 75/100
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◉ Centre ✓ Fair headline
GitLab announced staff layoffs as part of a restructuring to adapt to the 'agentic era,' with the CEO stating the planning process is transparent and includes a voluntary separation window, though employees face uncertainty during the interim period.
GitLab employees are the latest to face layoffs limbo. Read the CEO's memo about restructuring 'openly.'
GitLab's CEO announced plans to lay off an unspecified number of employees.
Jaque Silva/NurPhoto via Getty Images
GitLab stock is down after hours following its plans to lay off staff as it looks to meet the "agentic era."
"The planning is happening openly, including a voluntary separation window," GitLab's CEO wrote in a memo.
The CEO acknowledged the limbo period "creates real uncertainty for our team over the next few weeks."
GitLab employees are the latest group to be sweating it out for a
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