Online code hosting platform GitLab announced 130 layoffs, accounting for 7% of the company's total workforce.

Thanks to CTOnews.com netizen Coje_He for the clue delivery! CTOnews.com, February 10 (Xinhua)-- Sid Sijbrandi, CEO of online code hosting platform GitLab, today issued an open letter confirming that the company will lay off about 130 people, or 7% of the company's total workforce.

Sid Sijbrandi said in an open letter that it was a difficult decision and could come as a surprise to members of the GitLab team. The translation part of CTOnews.com is as follows:

The current macroeconomic environment is difficult, so the company is facing huge expenditure cost pressure. Customers take a more conservative approach to software investment and spend more time making purchasing decisions.

I have readjusted our spending priorities before, but that is not enough to offset the growing global recession. We now need to take further steps to match the pace of our spending with our commitment to responsible growth.

GitLab also said it would support team members affected by layoffs in a number of ways, including transitional payments, severance payments and health care support for up to six months.

The senior team, including Sid, will hold a series of "AMA" for all employees, including those who will be retained by the company, to answer any questions they may ask.