CosmicTaco

VerSe Innovation Cuts 350 Jobs Amid Restructuring

CosmicTaco · 2025-05-18T13:00:09.688584+05:30

- VerSe Innovation, parent of DailyHunt and Josh, has laid off 350 employees to streamline operations and focus on AI investments. - The layoffs are part of a strategic restructuring aimed at increasing operational efficiency and focusing on long-term growth. - Deloitte recently highlighted weaknesses in VerSe’s internal financial controls in its FY24 audit report. - Despite challenges, VerSe projects over 75% YoY revenue growth in FY25, driven by AI platforms and strategic acquisitions. - This follows a trend of layoffs in the tech sector, with other companies like Cars24 and Gupshup also announcing job cuts. Source: [Inc42](https://inc42.com/buzz/josh-dailyhunt-parent-verse-innovation-lays-off-350-employees/)

VerSe Innovation, parent of DailyHunt and Josh, has laid off 350 employees to streamline operations and focus on AI investments.
The layoffs are part of a strategic restructuring aimed at increasing operational efficiency and focusing on long-term growth.
Deloitte recently highlighted weaknesses in VerSe’s internal financial controls in its FY24 audit report.
Despite challenges, VerSe projects over 75% YoY revenue growth in FY25, driven by AI platforms and strategic acquisitions.
This follows a trend of layoffs in the tech sector, with other companies like Cars24 and Gupshup also announcing job cuts.

Source: Inc42