Hubilo Layoffs
October 2023
Hubilo announced a layoff affecting 50 employees in October 2023. The company operates in the Other sector.
50
Oct 30, 2023
About
Hubilo, a virtual events platform, conducted layoffs on Monday, affecting at least 50 employees, primarily in sales and marketing roles, with initial plans suggesting up to 100 cuts. The company, which had raised $125 million in 2021, has shifted its focus from virtual events to webinars due to the industry's decline post-pandemic. This move follows earlier layoffs in July 2022 and January 2023. Most remaining employees are based in India, with indications that U.S. staff may now be minimal. The restructuring reflects challenges in adapting to the changing events landscape, as leadership cited unsustainable operations with the current organization size.
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