OtherUS

Hubilo Layoffs

July 2022

Hubilo announced a layoff affecting 45 employees (12% of its workforce) in July 2022. The company operates in the Other sector.

People Affected

Percentage

12%

Announced Date

Jul 12, 2022

About

Event tech startup Hubilo, based in Bengaluru and San Francisco, laid off approximately 12% of its workforce, affecting around 45 employees out of a total of 374. The layoffs occurred in early July as part of a strategic shift to focus on virtual, live, and hybrid events. This move reflects the challenges faced by digital event platforms as physical events resume post-pandemic, impacting demand for purely virtual solutions. The company, backed by investors like Lightspeed Venture Partners, is providing severance packages and job assistance to affected staff.