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Livspace laid off 1,000 workers, or 12% of staff, in a strategic AI-driven restructuring, as it prepares for a reverse merger in India.
Livspace, the Bengaluru-based home design platform backed by KKR and Ikea, has laid off about 1,000 employees—roughly 12% of its workforce—over the past six to eight months as part of a strategic shift to become an AI-native company.
The restructuring, described as a proactive transformation rather than cost-cutting, aims to integrate artificial intelligence across sales, design, operations, and marketing to boost efficiency and customer outcomes.
Co-founder Saurabh Jain has left the company, with Livspace calling his departure a "graduation."
The company reported $231 million in revenue and a $39 million net loss for FY25, and is preparing for a reverse merger in India before year-end.
Livspace despidió a 1,000 trabajadores, o 12% del personal, en una reestructuración estratégica impulsada por la IA, mientras se prepara para una fusión inversa en la India.