SaaS major Freshworks lays off 90 employees globally; 60 in India

Following the slowdown in the US market, Indian SaaS players came out with various cost-cutting measures, including job cuts in recent times

Nasdaq-listed Software-as-a-Service (SaaS) major Freshworks has said that it has laid off around 2 per cent or 90 of its total workforce, to fuel business growth. Out of this, around 60 affected employees are from India. This comes at a time when multiple legal firms have filed or are in the process of filing class action suits against the company, alleging that it made misleading statements.

"To fuel our business growth, we made organisational changes to create better alignment across the company. We shifted some existing roles in product, marketing and sales to support more critical initiatives and reduced the need