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Fiverr lays off 250 people as it becomes an ‘AI-first’ company.

The Verge

The Verge · 9h ago

Fiverr lays off 250 people as it becomes an ‘AI-first’ company.

Fiverr has laid off 250 employees, accounting for 30% of its workforce, as it transitions to being an "AI-first" company. CEO Micha Kaufman previously warned staff that AI advancements could threaten jobs, including his own. Despite the layoffs, Fiverr aims to explore broader opportunities in AI applications, enterprise budgets, and long-term projects. This strategy is part of its commitment to maintaining competitiveness in the rapidly evolving business landscape.

Related News

Fiverr Cuts 30% of Staff to Go “AI-First.” What It Really Means

StartupTalky

StartupTalky · 17h ago

Fiverr Cuts 30% of Staff to Go “AI-First.” What It Really Means

Fiverr, a popular freelance marketplace, recently laid off 30% of its workforce, cutting 250 jobs, to transition into an "AI-first" company. CEO Micha Kaufman emphasized this restructuring entails building around AI for greater efficiency, productivity, and fewer management layers. Fiverr aims to automate more processes, akin to companies like Salesforce. Despite the layoffs, operations and user experience remain unaffected, as savings will be reinvested into enhancing AI capabilities.

Unacademy lays off 250 employees

Inshorts · 1y ago

Unacademy lays off 250 employees

Edtech unicorn Unacademy has laid off 250 employees across several departments, media reports said. Around 100 laid-off employees were from core functions like marketing, business and product, while the rest were from sales. "As part of our ongoing efforts to streamline operations and enhance business efficiency, we have recently undergone a restructuring exercise," an Unacademy spokesperson said.

Exclusive: Bobble AI lays off 50 employees amid organizational redesign

Entrackr

Entrackr · 13d ago

Exclusive: Bobble AI lays off 50 employees amid organizational redesign

Exclusive: Bobble AI lays off 50 employees amid organizational redesign According to the company, it is supporting outgoing employees with an Employee Assistance Program, career coaching, and well-being sessions. Bobble AI, the homegrown AI-powered communication and data intelligence startup, has laid off about 50 employees in a recent round of restructuring, according to three sources aware of the matter. "The move was communicated internally and has been attributed to the company’s ongoing fundraising challenges. The layoffs were linked to the slowdown in closing fresh funding,” said a source, requesting anonymity. Bobble AI confirmed the development to Entrackr. “Bobble AI recently undertook an organizational redesign to align with our long-term strategic priorities and commitment to stakeholders. This meant reflection and looking into 3 Ps – Projects, Processes and People. This decision was not driven solely by fundraising but by our focus on building a leaner, more resilient company. We remain confident about our growth path and committed to innovating in AI-powered communication and data intelligence,” said Ankit Prasad, founder of Bobble AI, in a statement. However, the company did not comment on how many employees were impacted by the layoff. Entrackr had earlier reported that Bobble AI is raising fresh funds at a 30% lower valuation. According to startup data intelligence platform TheKredible, the Gurugram-based company has raised around $35 million, including $26 million in a mix of primary and secondary capital from Krafton Inc in September 2022. Krafton controls nearly 25% stake in the 12-year-old company. Bobble.ai offers an AI-powered Indic keyboard supporting over 120 languages, with facial recognition for personalized GIFs and stickers. Integrated with WhatsApp and Facebook (Meta), the company monetizes through ads, data insights, subscriptions, and branded merchandise. For the fiscal year ended March 2024, Bobble AI registered a 25% growth in revenue to Rs 37.67 crore. However, its losses also widened by 40% to Rs 60.88 crore in the same period. The firm is yet to report its FY25 numbers.

WayCool Agritech startup lays off 300 employees

Startup News FYI

Startup News FYI · 2y ago

WayCool Agritech startup lays off 300 employees

Agri-tech startup WayCool has reportedly laid off around 300 employees. The company, which focuses on supply chain solutions for fruits, vegetables, and other perishables, cited the impact of the COVID-19 pandemic and subsequent lockdowns as reasons for the layoffs. WayCool aims to optimize its operations and adapt to the changing market dynamics to ensure sustainable growth in the future. It was recently rumoured that WayCool might become the first unicorn of 2023 in India.

From Growth to Goodbyes: Microsoft Lays Off 40 More Employees In Washington 2025

StartupTalky

StartupTalky · 1m ago

From Growth to Goodbyes: Microsoft Lays Off 40 More Employees In Washington 2025

Despite strong financial performance, Microsoft laid off over 15,000 employees in 2025, including 40 in Washington. While the company is cutting jobs, especially in gaming and sales, it continues hiring, maintaining a stable global headcount. This restructuring aims to focus on growth areas, particularly AI. Microsoft’s investments in AI and its integration into products have driven strong revenue, reflecting a shift rather than instability. The company emphasizes AI as pivotal in business transformation.

Bhavish Aggarwal's Krutrim Lays Off Over 100 Employees Amid Slow Traction, Funding Delays – Outlook Business

OutlookIndia

OutlookIndia · 1m ago

Bhavish Aggarwal's Krutrim Lays Off Over 100 Employees Amid Slow Traction, Funding Delays – Outlook Business

Bhavish Aggarwal's AI venture, Krutrim, has laid off over 100 employees, primarily from its linguistics team, amid stalled fundraising and low user adoption. Despite positioning its AI product ‘Kruti’ as an Indian alternative to ChatGPT, the company struggles with slow market traction and senior-level departures. Initially planning to raise $500 million, Krutrim reduced its target to $300 million due to tepid investor interest. The company is refocusing on local and multilingual AI capabilities.

Exclusive: BeepKart lays off more than 100 employees

Entrackr

Entrackr · 1y ago

Exclusive: BeepKart lays off more than 100 employees

BeepKart, a Bengaluru-based full stack retailer of used two-wheelers, has laid off more than 100 employees in the past few months, sources aware of the development told Entrackr. Sources added that the company conducted the layoffs in phases, starting right after the fundraise in April this year. The move has affected more than 20% of the workforce, with employees across various verticals, including marketing, tech, product, and operations, being laid off. “A few senior roles were also impacted. The layoffs, however, came as a surprise as it happened right after the funding. The company likely made the move to focus on profitability,” a source, who did not want to disclose their identity, told Entrackr. BeepKart declined to comment on the layoffs. Founded in 2020 by Hemir Doshi and Abhishek Saraf, BeepKart helps people buy and sell used two-wheelers. The company currently operates in Bengaluru and Chennai. As per startup data intelligence platform TheKredible, the company has secured around $18.5 million to date and is currently valued at around Rs 362 crore $44 million (post-allotment of new shares). In April, BeepKart raised $6.5 million in an extended Series A round. Entrackr exclusively reported the development. The company counts Stellaris Venture Partners, Vertex Ventures, Innoven Capital, and Chiratae Ventures, among others as its backers. BeepKart directly competes with CredR and Bike Bazaar. BeepKart was a pre-revenue stage firm till FY22 but it posted decent growth during FY23. The company reported Rs 21.86 crore revenue in the fiscal year ending March 2023 while its losses stood at Rs 27.88 crore in the same period. The firm is yet to file its annual report for FY24. Layoffs right after a fundraise is rare though they do happen. Last year, e-commerce-focused packaging company Bizongo laid off employees shortly after announcing a $50 million funding round. Similarly, Coffee chain firm Third Wave Coffee fired more than 100 employees months after raising $35 million in a Series C round whereas Euler Motors trimmed 10% of its workforce within six months of a $60 million round.

Edtech startup Adda247 fires 300 employees

Entrackr

Entrackr · 1y ago

Edtech startup Adda247 fires 300 employees

Edtech startup Adda247 has reportedly laid off around 250-300 employees, marking the company's first round of layoffs in recent years. The layoffs affected various verticals, including StudyIQ, a UPSC-focused platform acquired by Adda247. Sources claim that the downsizing was driven by the need to extend the runway as funding becomes scarce in the edtech sector. Adda247, backed by WestBridge Capital and Google, has raised over $60 million and was valued at $175 million in its last funding round. The company's revenue surged to Rs 61.5 crore in FY22, but losses also increased by 90% to Rs 28.8 crore.

PocketFM lays off 75 employees as it pushes towards profitability

YourStory

YourStory · 8m ago

PocketFM lays off 75 employees as it pushes towards profitability

Audio series startup PocketFM has laid off 75 employees to cut costs and aim for profitability. This decision follows a previous reduction of 250 employees. In FY24, PocketFM reported a significant decrease in net loss and a revenue increase but faces rising expenses, particularly in employee benefits. The company, having raised $103 million in Series D funding, aims to expand services internationally while its competitor, Kuku FM, also recently reduced its workforce.

Bharat Serums shortlists three bidders; Unacademy lays off 250 people

VCCircle

VCCircle · 1y ago

Bharat Serums shortlists three bidders; Unacademy lays off 250 people

Bharat Serums & Vaccines (BSV), a biopharmaceutical company backed by Advent International, has shortlisted three potential buyers for its ongoing sale. The shortlisted bidders include a consortium of EQT and Abu Dhabi Investment Authority, Indian drugmaker Mankind Pharma, and a consortium of ChrysCapital, Warburg Pincus, and Mubadala. In another development, edtech firm Unacademy, supported by SoftBank and General Atlantic, has laid off 250 employees. The layoffs come amidst reports of a potential merger between Unacademy and K12 Techno, the operator of Orchids International Schools.

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