VerSe Innovation, the parent of Dailyhunt and Josh, cuts 350 jobs to accelerate AI integration and align with long-term growth goals.
VerSe Innovation, the parent company behind popular platforms Dailyhunt and Josh, has announced a significant layoff involving approximately 350 employees this month. This strategic move is part of a broader transformation initiative aimed at long-term business alignment, profitability, and AI-led operational evolution.
This is VerSe’s first major workforce reduction since 2022, when 150 roles were affected.
Why the Layoffs?
According to a company spokesperson, the decision stems from a comprehensive, well-thought-out plan to:
- Accelerate AI investments
- Streamline operations
- Restructure teams in line with future-focused business objectives
The company emphasized that this restructuring is happening at a pivotal phase of growth, as it looks to consolidate efforts and embed artificial intelligence more deeply across products and teams.
The Bigger Picture
VerSe Innovation joins a growing list of Indian tech firms pivoting toward leaner operational models and AI-first strategies in 2025. As the competitive landscape sharpens and monetization pressure increases, companies are increasingly balancing innovation with efficiency.
The shift highlights a larger industry trend where workforce changes are linked to AI-driven reorganization rather than financial distress alone.
