BigCommerce Holdings Inc. said Thursday it plans to reduce its work force by 13% in a move that will cost between $4.2 million and $4.6 million in its fourth-quarter results. The Austin, Texas, software-as-a-service company had 1,337 employees as of Dec. 31, according to its annual report. BigCommerce said the action moves forward its adjusted EBITDA breakeven timeline from mid-to-late 2024 to the fourth quarter of 2023.
said Thursday it plans to reduce its work force by 13% in a move that will cost between $4.2 million and $4.6 million in its fourth-quarter results. The Austin, Texas, software-as-a-service company had 1,337 employees as of Dec. 31, according to its annual report. BigCommerce said the action moves forward its adjusted EBITDA breakeven timeline from mid-to-late 2024 to the fourth quarter of 2023. The company will focus on its"expanding leadership in enterprise ecommerce.