Hubspot layoffs, on the record
Every job cut, severance charge and restructuring Hubspot reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 7,663 | December 31, 2023 |
| 10-K for 2024 | 8,246 full-time employees | December 31, 2024 |
| 10-K for 2025 | 8,882 full-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryHubSpot's board authorized a restructuring plan to cut operating costs, which included reducing the workforce by about 7% and consolidating global leases.
Word for word“On January 25, 2023, the Company's board of directors authorized a restructuring plan (the "Restructuring Plan") that was designed to reduce operating costs and enable investment in key opportunities for long-term growth while driving continued profitability.” 10-K for 2023
Our summaryThe Restructuring Plan included a reduction of the workforce and a global lease consolidation, with the Company terminating and abandoning various office leases globally during 2023.
Word for word“The Restructuring Plan included a reduction of the Company's workforce by approximately 7 % and a global lease consolidation to create higher density across our workspaces.” 10-K for 2023
Our summaryRestructuring charges were recorded in 2023, mainly lease termination and abandonment costs plus severance and related costs; no restructuring liabilities remained accrued at year end.
Word for word“Restructuring costs primarily consisted of $26.8 million of severance, employee related benefits and other costs, and $70.0 million related to the termination and abandonment of leases globally (Note 17).” 10-K for 2023
Our summaryThe Company reported that as of year end it had no liabilities accrued for the Restructuring Plan.
Word for word“As of December 31, 2023, the Company did no t have any liabilities accrued related to the Restructuring Plan.” 10-K for 2023
Our summaryCompany recorded restructuring charges in 2024 consisting of variable facilities-related costs on unused space under the Restructuring Plan, with no remaining accrued liabilities at year end.
Word for word“In 2024, the Company incurred restructuring charges of $ 4.0 million consisting of variable facilities related costs on unused space.” 10-K for 2024
Our summaryThe board authorized a restructuring plan to cut operating costs, which included reducing the workforce and consolidating leases globally.
Word for word“The Restructuring Plan included a reduction of the our workforce by approximately 7% and a global lease consolidation to create higher density across our workspaces.” 10-K for 2025
Our summaryThe company recorded restructuring charges in 2023, split between facilities costs and severance and related costs.
Word for word“The Company also incurred $ 96.8 million of restructuring charges in 2023, composed of $ 70.0 million related to facilities and $ 26.8 million for severance, employee related benefits, and other costs, including $ 1.0 million of stock-based compensation expense.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2023-12-31 | $96.8 million |
| 2024-12-31 | $4 million |
| 2025-12-31 | $4 million |
Hubspot filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Hubspot’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.