Highspot Cuts 15% of Staff in Second Layoff This Year to Target Profitability and Growth

Seattle-based sales software company Highspot laid off 15% of its workforce, around 140 employees, marking its second cut this year after a 10% reduction in February. CEO Robert Wahbe stated that the layoffs aim to accelerate profitability and invest in growth areas like generative AI, despite the company being well capitalized with a $3.5 billion valuation.

RRobert Wahbe