Based on news reporting.
In a recent move to streamline operations, Company has laid off 700 employees, as announced by its CEO in an early morning email. The decision is part of a broader strategy to transform the company into a 'lean, fast, and AI-native' organization. This significant workforce reduction reflects the company's response to current market conditions and its commitment to adapting to technological advancements. The layoffs were executed immediately, indicating a decisive shift in Company’s operational focus. The CEO emphasized the need for agility and efficiency in the company's future endeavors.
Company cut 700 jobs as of October 10, 2023.
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