Freshworks Cuts 500 Jobs as CEO Says 'Over Half Our Code Is Written by AI' — Q1 Revenue Still Beats at $228.6M
Benzinga·high signal
Freshworks laid off ~500 employees (11% of workforce) on May 5-6, with CEO Dennis Woodside explicitly stating over half of the company's code is now written using AI tools — the most direct public admission from a SaaS CEO linking AI coding productivity to headcount reduction. Despite the restructuring ($8M in charges), Freshworks reported Q1 revenue of $228.6M, up 16% YoY and beating analyst estimates, with savings redirected toward Freshservice growth.