Is Clockify really shutting down? Here’s what we found
Over the past week, posts on LinkedIn and in Serbian developer communities on Reddit have claimed that the company behind Clockify has entered liquidation. The claim has spread quickly, and Clockify users have seemingly started asking whether the time tracker they rely on is about to disappear.
Here is what is actually established, what isn’t, and what it means if you use Clockify.
Is Clockify shutting down?
No. Clockify is operational, and we haven’t found anything in the public record that indicates that the company that owns it is being wound up.
What is being reported appears narrower: that a Serbian legal entity within the CAKE.com group, the company that owns Clockify, has entered liquidation, and that staff employed by that entity may have lost their jobs.
What is being reported
Two threads in the Serbian developer community, posted on 21 and 23 August 2026, suggest that a Serbian entity connected to CAKE.com is entering liquidation and staff may be facing dismissal. Both threads are anonymous.
Separately, two software QA specialists who list CAKE.com as their employer on their profiles posted publicly on LinkedIn in late August that their employer had entered liquidation and their positions had been affected. Neither post names Clockify.
From what we could see, CAKE.com has not yet commented. The company has not published any announcement on its blog since 21 April 2026, and we could find no statement addressing the reports.
Who actually owns Clockify
This may matter more than it sounds.
Clockify launched in 2017 under COING, a Serbian software company. In February 2023 the group rebranded as CAKE.com, with headquarters in Palo Alto, California. CAKE.com Inc. is the entity that owns and operates Clockify, alongside Pumble and Plaky. Based on the information available, in June 2023, the group registered CAKE.com AG in Zug, Switzerland, which now holds customer contracts outside North America, according to the company’s Terms of Use.
CAKE.com’s most recent announcement, made in April 2026, described the company as having more than 400 employees. According to public LinkedIn profiles, the group does appear to have historically employed some of its engineering staff in Serbia.
Even then, a Serbian employing entity entering liquidation should probably not, on its own, affect who owns Clockify.
What we could not verify
We want to be direct about the limits of what we could confirm.
- Indirect registry evidence. Serbian liquidation proceedings are published by the Business Registers Agency (APR). We were not able to locate a published liquidation notice for CAKE.com. However, APR shows a liquidation announcement (dated 20.08.2026) filed by COING digital services DOO Novi Sad.
- Scope is unknown. Figures for how many people may have been affected circulate in Reddit threads and seem to vary by a factor of five. None are documented. At least one commenter said that a single sub-unit was closed rather than the whole Serbian operation.
- Anonymous claims about severance and unpaid wages appeared on Reddit. We have no way to verify them and are not repeating the specifics.
While two anonymous Reddit threads and two LinkedIn posts can be a signal, it is not a confirmed corporate event.
Clockify’s free plan changed in April 2026
This is the part of the picture that is fully documented, and it is probably more relevant to most users than anything above.
On 21 April 2026, CAKE.com announced changes to Clockify’s free plan. Per the company’s own announcement and help documentation, the free tier is now capped at five users, and features including CSV/Excel exports, kiosk mode, billable hours, and project time estimates moved to paid tiers. The API was throttled to 30 requests per hour. Paid tier prices did not change.
CAKE.com’s stated reason was the cost of running global infrastructure for an unlimited number of free users, and a focus on paying customers. References to “free forever” have since disappeared from the site.
Clockify’s own community forum has also recently shown some discussions on the API limit and on difficulty getting data out.
What the conversation online looks like
From what we have seen, sentiment in the Serbian developer threads appears to be hostile, and much of what’s in the threads reflects unverifiable personal criticism of company leadership. We are not reproducing it.
It is worth knowing that the conversation exists, because it may shape whether the group can recruit engineers in the region, but it is not evidence of anything about the product.
What this means for Clockify users
Clockify is running, there is currently no indication that this affects your data, and your billing relationship is likely with a US or Swiss entity rather than the Serbian company reportedly entering liquidation.
Over a longer horizon, if, indeed, a significant part of any engineering organisation was cut, the realistic effects could include a slower release cadence and reduced capacity for new feature development.
Two sensible precautions that we can suggest:
- Export your data now and keep a copy. This is a good practice for any SaaS tool you depend on.
- If you have built anything on the Clockify API, check whether 30 requests per hour still works for you.
What to watch next
- Any statement from CAKE.com or its leadership.
- Support response times and release notes over the next two quarters.
- Job postings: whether the group resumes hiring engineers in Serbia.
Disclaimer: Jibble makes time tracking software and competes with Clockify. We have kept this page to what can be verified from primary sources, and are explicit about what cannot. This article reflects the public record as of 26 August 2026; the situation may have developed since.
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