Item 2.05. Costs Associated with Exit or Disposal Activities.
On
The Company estimates that it will incur charges of approximately
The actions associated with the workforce reduction under the Plan are expected to be substantially complete by the end of the first quarter of 2023, subject to local law and consultation requirements. The actions associated with the lease consolidation under the Plan are expected to be fully completed in 2023.
The estimates of the charges and expenditures that the Company expects to incur in connection with the Plan, and timing thereof, are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual amounts may differ from the estimates discussed above.
A Letter to the Company's employees from
Safe Harbor Statement
Information provided in this Current Report on Form 8-K including information concerning the expected amount and timing of charges and cash expenditures and expected completion of the contemplated actions are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon the Company's current plans, assumptions, beliefs, and expectations. Forward-looking statements are subject to the occurrence of many events outside of the Company's control. Actual results and the timing of events may differ materially from those contemplated by such forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties.
These risks and uncertainties include, among other things, the risk that the
restructuring costs and charges may be greater than anticipated or incurred in
different periods than anticipated; the risk that the Company's restructuring
efforts may adversely affect the Company's internal programs and the Company's
ability to recruit and retain skilled and motivated personnel, and may be
distracting to employees and management; the risk that the Company's
restructuring efforts may negatively impact the Company's business operations
and reputation with or ability to serve customers; the risk that the Company's
restructuring efforts may not generate their intended benefits to the extent or
as quickly as anticipated; and other risks and uncertainties included in the
reports on Forms 10-K, 10-Q and 8-K and in other filings the Company makes with
the
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 99.1 Letter toHubSpot employees fromYamini Rangan , datedJanuary 31, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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