HubSpot cuts 7% of workforce, reaffirms 2026 revenue and profit guidance

HubSpot announced a 7% workforce reduction, cutting about 660 jobs, with related charges of $65-$75 million expected mostly in Q4 2026. Despite the layoffs, the company reaffirmed its Q3 and full-year 2026 revenue and profit forecasts, expecting $924-$925 million in Q3 revenue and $3.678-$3.686 billion for the full year. The restructuring aims to reduce operating expenses by an estimated $126 million annually, positioning HubSpot for its next growth phase amid slowing growth. Savings will fully materialize by early 2027, with $110 million expected next year.

HubSpot shares are trading at USD 215.79 on Pluang as of Oct 07, 2026 02:22 WIB, down 2.23% in the past day. The stock's market cap stands at $11.79 billion, reflecting investor valuation amid the company's workforce reduction news. Trading volume reached 1,220,062 shares, with all Pluang orders currently on the buy side, indicating strong buyer interest despite the recent price dip.