Woodside was announced as the successor of Mathrubootham for the CEO's role. In September this year, the company appointed Murali Swaminathan as its CTO to lead its global engineering and architecture teams, overseeing its technology roadmap and strategy. The latest development comes weeks after the company announced plans to cut about 13% of its global workforce as part of a restructuring plan to streamline operations and increase operational efficiency. In an email to the staff, Woodside had said that the job cuts will affect about 660 employees. Notably, the SaaS major expects to incur $11 Mn to $13 Mn in restructuring costs in the fourth quarter of 2024, which will comprise severance payments, employee benefits and related expenses. Along with the layoff announcement, Freshworks also said that its board of directors approved a stock buyback programme worth $400 Mn of its outstanding Class A common stock.