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GitLab has announced a 7% reduction in its headcount due to the current economic climate.
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Many tech companies, including Microsoft, Alphabet, and Salesforce, have also announced staff cuts recently.
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The decision is a result of customers reducing their software spending.
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GitLab went public on the Nasdaq 16 months ago and its market cap has decreased.
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The round of layoffs will impact around 114 employees.
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The CEO, Sid Sijbrandij, had hoped to avoid layoffs but decided to match the company's spending with its commitment to responsible growth.
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The headcount as of last year was reported to be 1,630.
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Staff affected by the layoffs will receive pay through the transition period and a single payout equivalent to four months base salary.
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Staff will also receive healthcare for six months in locations where it is part of their package.
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The decision was made due to the current global economic downturn.