1. Freshworks Swings to $4.8 Mn Loss, Cuts 11% Workforce as AI Pivot Accelerates
Nasdaq-listed SaaS company Freshworks reported a sharp reversal in its financial performance for the first quarter of 2026, posting a net loss of $4.8 million—a dramatic decline from the $191.4 million net profit it recorded in Q4 2025. On a year-over-year basis, the loss widened 3.6 times from $1.3 million in Q1 2025,...