GitLab Inc. (NASDAQ: GTLB) announced a workforce reduction plan intended to realign its operating structure and optimize execution against strategic priorities, according to a regulatory filing.

The company expects its first quarter fiscal year 2027 results to align with previously issued guidance from March 3, 2026. GitLab also reaffirmed its full fiscal year 2027 guidance, which ends January 31, 2027.

GitLab plans to reinvest the majority of savings from the workforce reduction to accelerate progress on strategic growth initiatives. Chief Executive Officer William Staples posted a letter on the company's website regarding the plan.

The company will report financial results for its first quarter fiscal year 2027, which ended April 30, 2026, after market close on June 2, 2026. A conference call is scheduled for 1:30 p.m. Pacific Time that day to discuss the results.

GitLab operates as a remote-only company without a physical headquarters. The preliminary first quarter results are based on unaudited financial information and remain subject to normal quarterly closing processes and accounting review.

The company's fiscal year 2027 began February 1, 2026. GitLab maintains its investor relations information at ir.gitlab.com, where the earnings call webcast will be available.