💨 Abstract

Freshworks, an AI-driven software company, announced higher revenue and profit forecasts for the year following strong Q3 results. The company plans to lay off 13% of its workforce and incur restructuring charges of $11-$13 million in Q4. The layoffs and restructuring aim to streamline operations as businesses digitize their operations with AI tools, increasing demand for companies like Freshworks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖