# HubSpot Cuts 7% of Workforce and Reaffirms Third-Quarter Guidance

- URL: https://stocks.freetheai.org/news/hubspot-cuts-7-of-workforce-and-reaffirms-third-quarter-guidance-0946e1
- Published: 2026-10-12T11:00:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NYSE:HUBS](https://stocks.freetheai.org/symbols/NYSE-HUBS)
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HubSpot, Inc. (NYSE:HUBS) is reducing its headcount by approximately 7% and expects to record between $65 million and $75 million in restructuring charges.

Despite the workforce reduction, the company reaffirmed its third-quarter financial outlook, anticipating adjusted earnings of $3.25 to $3.27 per share on revenue of $924 million to $925 million. Wall Street analysts remain constructive, with five notes issued over the last month setting price targets between $255 and $300. Needham maintained a Buy rating with a $300 target price.

Market participants will be monitoring the implementation of the cost-cutting measures and the upcoming quarterly results to verify financial performance. Shares of HubSpot recently traded at $228.30, down 1.53% for the day.

## Key points

- HubSpot, Inc. (NYSE:HUBS) is cutting roughly 7% of its workforce.
- The company expects restructuring charges ranging between $65 million and $75 million.
- Management reaffirmed third-quarter guidance of $3.25–$3.27 adjusted EPS and $924–$925 million in revenue.
- Analyst price targets over the past 30 days range from $255 to $300, including Needham's $300 Buy rating.

## Questions and answers

### Why is HubSpot cutting jobs?

HubSpot is reducing its staff by about 7% to restructure operations, expecting related charges of $65 million to $75 million.

### Did HubSpot change its Q3 financial guidance?

No, HubSpot reaffirmed its third-quarter guidance, maintaining expected adjusted EPS of $3.25 to $3.27 and revenue of $924 million to $925 million.

### What are analyst price targets for HubSpot?

Analyst price targets over the past 30 days range from $255 to $300, including Needham's $300 target and Buy rating.