AI & Jobs Freshworks, May 7: 500 Jobs Cut, 11% of Staff, While Q1 Beats Estimates — CEO Says 「Over Half Our Code Is Now Written by AI」
Freshworks beat Q1 estimates with $228.6M revenue (+16% YoY), announced its two largest contracts ever, then cut 11% of staff the same week — because, in CEO Dennis Woodside's words, more than half the company's code is now written by AI.