SaaS unicorn Chargebee lays off 142 employees - chargebee image techcrunch

Chargebee, an India- and US-based SaaS firm, is slashing about 10% of its headcount, representing 142 employees, reported TechCrunch.

The decision was taken due to tough macroeconomic conditions and the company’s increasing operational debt. Penny Desatnik, Chargebee’s director of corporate communications, said the decision “was a difficult one.”

“Chargebee has grown exponentially over the last few years, and amid changing market conditions, we have decided to proactively refocus resources to set a strong foundation on which to continue our growth,” TechCrunch quoted Desatnik as saying.

The executive added that the company will focus on “efficient growth” and streamline its go-to-market strategy to meet customer demand.

Chargebee co-founder and CEO Krish Subramanian talked more about the company’s decision in a LinkedIn post, which mentioned how the firm has been reducing its expenses across various areas.

In February, the subscription management platform raised US$250 million in a funding round led by Tiger Global and Sequoia Capital. The firm has been crowned as a unicorn following a series G funding round in April last year.

Hakan Ozturk

Hakan Ozturk
Founder,, #1 Weekly Customer Success Newsletter

Hakan Ozturk is a Paris-based Customer Success leader with over 15 years of experience in the computer software industry. Passionate about driving growth and delivering value to strategic customers, Hakan has established himself as a trusted industry expert. As the Founder of The Customer Success Café Newsletter and, Hakan provides valuable industry insights and daily-updated job opportunities worldwide in the field of Customer Success. Connect with Hakan to boost your career in CS and your company’s potential for massive growth.

Leave a Reply

Your email address will not be published. Required fields are marked *