InMobi to lay off nearly 5% of global workforce
The layoffs have come after the company adopted an AI-first approach
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Published: Jan 12, 2024 11:26 AM | 1 min read
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InMobi will be laying off 5 per cent of its global workforce, as per media reports.
The layoffs are following the company adopting an AI-first approach.
Pink slips are expected to be handed out to nearly 125 employees.
A media report quoting the InMobi spokesperson said the organisation was adopting AI to address the market needs and customer expectations.
The company has reported a 41% revenue jump in the financial year ending March 31, 2023.
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