Event Tech Startup Hubilo Lays Off 12% Workforce As Physical Events Resume

Event Tech Startup Hubilo Lays Off 12% Workforce As Physical Events Resume

SUMMARY

Lightspeed-backed Hubilo laid off around 45-50 employees earlier this month

The layoffs were part of its business strategy as Hubilo intends to focus on virtual, live and hybrid events

As per Inc42’s layoff tracker, Hubilo has become the 34th Indian startup to layoff employees in 2022

Bengaluru and San Francisco-based event tech startup Hubilo laid off around 12% of its workforce from across departments last week, sources said.

The startup has around 374 employees, as per its Linkedin page, which means it laid off around 45 employees.

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