Jason Lemkin on GitLab Q2 Beat After Cuts

Jason Lemkin tweeted that GitLab posted revenue of $286.3M in its second quarter, up 21 percent and five points ahead of its own guide, with record gross bookings. Four months earlier the company had been labeled the consensus AI casualty in B2B, its stock trading in the high teens. Lemkin listed the steps taken in May: a 14 percent workforce reduction, exit from 22 countries, and removal of three layers of management. The post presents these moves as the direct lead-up to the reported results.