Open core firm GitLab to cut 7% jobs amid tough macroeconomic conditions

Open core company GitLab has announced to lay off 7 per cent of its workforce amid tough macroeconomic conditions.

According to TechCrunch, the company’s most recent reported headcount was 1,630, implying that the round of redundancies will affect approximately 114 people, though that specific figure is dependent on its current headcount.

In a letter to employees, GitLab CEO Sid Sijbrandij informed them about the job cuts, saying: “The current macroeconomic environment is tough, and as a result, companies are still spending but they are taking a more conservative approach to software investments and are taking more time to make purchasing decisions.