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Dailyhunt parent to fire 350 staff in AI-led pivot
Financial Express Kochi
|May 18, 2025
VERSE INNOVATION, THE parent company of content platform Dailyhunt and short video app Josh, announced it will cut approximately 350 jobs globally as part of a broader restructuring effort that includes automating several manual processes to achieve efficiency and profitability by the end of this financial year.
The company is doubling down on automation to replace manual processes, in line with global trends that favor leaner, tech-driven operations.
The layoffs, the company said, are part of a "well thought through comprehensive plan" designed to align VerSe's strategy and organizational structure with its long-term priorities and growth objectives.
"Building on this momentum, VerSe Innovation projects over 75% revenue growth in FY25, outpacing the anticipated 10-15% growth rate of the Indian digital advertising sector," a company spokesperson said.
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