OtherUS

Hubilo Layoffs

January 2023

Hubilo announced a layoff affecting 115 employees (35% of its workforce) in January 2023. The company operates in the Other sector.

People Affected

115

Percentage

35%

Announced Date

Jan 19, 2023

About

Hubilo, an event management startup based in Bengaluru and San Francisco, laid off approximately 115 employees, representing about 35% of its workforce, earlier this month as part of a restructuring effort driven by global macroeconomic challenges. This marks the second round of layoffs within six months, following a reduction of 45 employees (12% of staff) in July 2022. The company, which pivoted to virtual events during the COVID-19 pandemic and raised over $150 million in funding, has faced declining demand as in-person events resumed. Hubilo is now refocusing on physical and hybrid event management while offering severance and outplacement support to affected employees.