EMCC European Monitoring Centre on Change



Geographic Location

Country: World
Location of affected unit(s): USA, United Kingdom, Ireland


Sector: Information / communication
IT and other information services
62 - Computer programming, consultancy and related activities
Number Employed: 7000

Employment Effects

Announcement Date: 31-01-2023
Planned Job Reductions min: 500
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-02-2023
Foreseen End Date: 31-03-2023
Direct Dismissals: 500

Additional Information

Sales and marketing software company Hubspot has announced a global restructuring plan which will reduce its workforce by 7% (500 employees). Impacted locations have not be specified, however, the company has the majority of its employees in Ireland (1000) and USA. The CEO has stated the restructuring is due to lower than expected growth throughout 2022 compared to 2021, unsustainable headcount and uncertainty regarding consumer demand in the short term.

The company has said it will comply with local legal and consultation requirements, but has not given information of the restructuring process for employees or the involvement of social partners.