GitLab to Cut 14% of Workforce and Exit 22 Countries in AI-Era Restructuring as Q1 FY2027 Revenue Beats at $264M +23% YoY

GitLab announced a 14% global workforce reduction — approximately 350 jobs — alongside Q1 FY2027 earnings that beat analyst estimates (revenue $264M, +23% YoY). The company will exit 22 countries, shrinking its geographic footprint by 37%, and will remove up to three management layers in some functions as it repositions for what CEO Bill Staples calls the 'agentic era' where software is built by machines directed by people. GitLab's board approved the plan June 1 and expects $30–35M in pre-tax restructuring charges, with the majority of savings reinvested into AI and R&D priorities rather than returned to shareholders.