Prosus-Backed Airmeet Fires 80% of Tech Team in Major Restructuring
- Airmeet has laid off around 80% of its tech team in its third restructuring in 16 months. - The layoffs also impacted employees from the product and design teams, totaling around 30 employees or 20% of the workforce. - The restructuring is part of a cost-cutting measure as the startup struggles to increase revenue post-pandemic. - Airmeet is shifting focus to a new AI-powered product, moving away from its event management platform. - The impacted employees will receive severance packages based on their notice periods. Source: [Inc42](https://inc42.com/buzz/airmeet-undertakes-another-restructuring-exercise-fires-80-tech-team/)
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Scaler lays off 150 employees to reduce redundancy in roles: Report
Bengaluru-based edtech startup Scaler has laid off around 150 employees, or around 10% of its workforce. Here is source
Scaler layoffs: As per the company, it currently has a workforce of around 1,500 employees.
https://www.hindustantimes.com/business/scaler-lays-off-150-employees-to-reduce-redundancy-in-roles-report-101712740957366.html