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Highspot is cutting about 100 employees or 10 percent of its workforce, becoming the latest Seattle firm to reduce its workforce due to the uncertainty of the economy.
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“We must confront the economic reality and reduce headcount to steward our company to operate more efficiently while continuing to invest in strategic areas...
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such as artificial intelligence, product innovation, and global expansion,” Highspot CEO Robert Wahbe said in a statement.
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A Highspot spokesperson confirmed that the cuts would affect every department.
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The company now has more than 950 employees.
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Many start-ups are advised to lay off employees to lower costs and expand their cash reserves.