Freshworks Revenue Rises 22% to $186.6 Million Amid Layoffs of 660 Workers and Share Buyback

Freshworks Inc. reported a 22% increase in revenue for the third quarter, reaching $186.6 million, driven by strong sales and demand for artificial intelligence solutions. In conjunction with its earnings announcement, the company is implementing a share buyback program and downsizing its workforce. These layoffs, affecting approximately 660 employees, have drawn criticism from Zoho's CEO, Sridhar Vembu, who condemned the actions as indicative of 'naked greed' and suggested that such measures undermine employee loyalty. The developments have sparked discussions about the broader implications for the tech industry and employee relations.