GitLab to reduce workforce by 7%

News Summary

  • “Unfortunately, we need to take further steps and match our pace of spending with our commitment to responsible growth.”In terms of severance, Sijbrandij said that all staff affected will receive pay through the “transition period,” plus a single payout equivalent to around four months base salary.
GitLab is the latest tech company to announce a round of layoffs, as the developer operations (DevOps) giant revealed today that its reducing its headcount by 7 percent.It has been a tough 2023 so [+1732 chars]