Event tech startup Hubilo laid off around 12% of its workforce


Event tech startup Hubilo laid off around 12% of its workforce from across departments last week, sources said.


According to its Linkedin page, the startup has 374 employees, which means it laid off 45 people. According to a Hubilo spokesperson, the layoffs were part of the company's business expansion strategy. According to the startup, laid-off employees will receive compensation packages and benefits such as accelerated and vested stock options, mid-year bonuses, PTO/bank of leaves payout, laptop retention, and job placement assistance.

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