HubSpot (HUBS) to cut 500 jobs after faster than expected deceleration

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HubSpot (HUBS) plans reduction of workforce by approximately 7%

January 31, 2023 9:03 AM EST

HubSpot (NYSE: HUBS) disclosed:

On January 25, 2023, the Board of Directors of HubSpot, Inc. (the Company) authorized a restructuring plan (the Plan) that is designed to reduce operating costs and enable investment in key opportunities for long-term growth while driving continued profitability. The Plan includes a reduction of the Companys current workforce by approximately 7% and a lease... More

BofA Securities reiterates 'buy' on HubSpot Inc (HUBS) following checks

January 30, 2023 7:44 AM EST

BofA Securities analyst Brad Sills reiterated a Buy rating and $380.00 price target on HubSpot Inc (NYSE: HUBS) as channel suggests stable macro, sustained enterprise strength.

The analyst commented, "We spoke with nearly a dozen key ad agency partners in recent weeks to... More