Saastr iconSaastrSep 25, 2026

5 Interesting Learnings from GitLab at $1.13 Billion in Revenue: 24% Billings Growth, $20M of Flex in Six Weeks, and 400 Basis Points of AI Margin Cost

In May the company announced it would cut roughly 14% of its workforce, about 350 people, exit 22 countries, shrink its geographic footprint about 37%, and strip out up to three layers of management.

5 Interesting Learnings from GitLab at $1.13 Billion in Revenue: 24% Billings Growth, $20M of Flex in Six Weeks, and 400 Basis Points of AI Margin Cost

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In May the company announced it would cut roughly 14% of its workforce, about 350 people, exit 22 countries, shrink its geographic footprint about 37%, and strip out up to three layers of management.

Four months ago GitLab looked like the clearest AI casualty in public B2B:

Four months ago GitLab looked like the clearest AI casualty in public B2B: The stock was in the high teens.

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In May the company announced it would cut roughly 14% of its workforce, about 350 people, exit 22 countries, shrink its geographic footprint about 37%, and strip out up to three layers of management. Four months ago GitLab looked like the clearest AI casualty in public B2B:

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Four months ago GitLab looked like the clearest AI casualty in public B2B:

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