GitLab cuts 350 staff, or ~14% of its workforce, pivoting “to be the trusted enterprise platform for software creation in the AI era”, and exits 22 countries
GitLab cuts 350 staff, or ~14% of its workforce, pivoting “to be the trusted enterprise platform for software creation in the AI era”, and exits 22 countries
The company will also exit 22 countries, reducing its geographic footprint by about 37% — GitLab is cutting 350 full-time employees …
GitLab announces layoffs, saying they are “not an AI optimization or cost cutting exercise”, and says it will reduce the number of countries it operates in
GitLab Inc., which makes software that helps developers on coding projects, said it is cutting jobs to free up money to spend …
GitLab announces layoffs, saying they are “not an AI optimization or cost cutting exercise”, and plans to cut the number of countries it operates in
GitLab Inc., which makes software that helps developers on coding projects, said it is cutting jobs to free up money to spend …
GitLab reports Q1 revenue up 27% YoY to $214.5M, vs. $213.2M est., net loss of $36.3M, vs. $55.5M last year, raises earnings outlook; GTLB down 12%+
Mike Wheatley / SiliconANGLE :
GitLab co-founder Sid Sijbrandij steps down as CEO to focus on his health, transitions to executive chair, and names former New Relic CEO Bill Staples as CEO
Gitlab co-founder Sid Sijbrandij is stepping down as chief executive due to focus on his health, including treatment for cancer.
Sources: GitLab, which has an ~$8B market cap, is exploring a sale after attracting interest from its peers, including Datadog, which has a $44B market cap
GitLab (GTLB.O), a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet (GOOGL.O) …
GitLab reports Q1 revenue up 45% YoY to $126.9M, vs. $117.8M est., FY 2024 revenue guidance above estimates, and unveils generative AI plans; GTLB jumps 30%+
GitLab reports Q4 revenue up 58% YoY to $122.9M, a $46.3M operating loss, up from $40.6M YoY, and a weak revenue forecast for fiscal year 2024; GTLB drops 35%+
Jordan Novet / CNBC :
Microsoft's GitHub cuts 10% of its staff, or an estimated 300+; GitLab cuts 7%, or an estimated 114; report: GitHub will close offices and shift to remote work
Maria Deutscher / SiliconANGLE : Source: Fortune .