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Tech companies are no longer just cutting jobs. Many are reshaping themselves for the age of artificial intelligence. GitLab, one of the most popular web-based software platforms used by software engineers as a code repository, security, and code deployment, has now joined the growing list of ...
(Updates to add job cuts in paragraph 5 and 6) GitLab (GTLB) reported Tuesday Q1 adjusted earning
GitLab stock rises after the software company reported better-than-expected fiscal first-quarter earnings and raised full-fiscal year guidance.
The tech sector’s relentless restructuring wave has claimed another major player, pushing 2026’s total workforce reductions to a grim milestone, as companies continue to reallocate capital towards automated systems. GitLab, an open-source web platform crucial to engineers for securely storing code, ...
Investing.com -- Raymond James downgraded GitLab to “Market Perform” from “Outperform,” citing growing concerns over the software firm’s sweeping internal restructuring plans and weakening growth trends.
Investing.com -- Gitlab Inc (NASDAQ:GTLB) shares fell 8.2% in after-hours trading Monday following the company’s announcement of a significant workforce reduction. The software development platform disclosed the plan in an 8-K filing, labeling the shift as "GitLab Act 2" to prepare for the "agentic era" of AI-driven engineering. The company reaffirmed its first-quarter and full-year fiscal 2027 guidance, originally issued on March 3. Management expects quarterly revenue between $253 million and
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