Skip to content

VerSe Innovation by Google and Microsoft starts layoffs

The change demonstrates how drastically the advertising industry has collapsed and how it is impacting well-known consumer businesses that rely on it.

VerSe Innovation which is backed by Google and Microsoft, reduces number of employess by 5% and compensation too (Twitter)

VerSe Innovation, the US$5 billion Indian startup that created the news aggregator Dailyhunt, the short-video platform Josh and the hyperlocal video tool PublicVibe, has laid off 150 employees or 5 percent of its 3,000-employee workforce.

The Bengaluru-based business informed affected employees on Nov. 26, 2022 and convened an exclusive town hall meeting on Monday when it revealed salary cuts to its remaining staff.

This post is for paying subscribers only


Already have an account? Log in