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Dailyhunt parent to fire 350 staff in AI-led pivot

Financial Express Lucknow

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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.

- FE BUREAU

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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India-US deal to keep weighing on rupee: Poll

THE INDIAN RUPEE is expected to remain under pressure until India signs a trade with the US, said economists and treasury heads inan FE poll.

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Premium for 'experience' widens in realty projects

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FPI activity, macro data to guide mkts

MACROECONOMIC DATA, GLOBAL market trends and trading activity of foreign investors will be the key drivers for dictating market sentiment this week, analysts said.

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DOGE ‘does not exist’ with eight mths on charter

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Agritech funding plunges over profitability concerns

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Google fixes AI’s text problems

AS CONFIDENT AS Al assistants can sound in chat responses, if you ask them to generate an image containing several text phrases, chances are the resulting imagery will contain some typos or distorted fonts.

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