May 17, 2025

Verse, the parent company of the popular news aggregator Dailyhunt, has announced plans to lay off 350 employees in a cost-cutting measure aimed at achieving profitability. The layoffs come as part of a broader restructuring effort to streamline operations and reduce expenses. The move is expected to impact various departments within the company, including technology, content, and operations. Dailyhunt has been facing increasing competition in the digital news space, prompting Verse to take decisive action to improve its financial performance. Despite the layoffs, the company remains committed to its mission of providing quality news content to users across India. The decision to downsize the workforce was not taken lightly, with Verse acknowledging the impact on affected employees and emphasizing the need for strategic realignment to ensure long-term sustainability. The company is offering severance packages and support services to affected staff to ease the transition. With these changes, Verse aims to enhance its operational efficiency and drive growth in a rapidly evolving digital landscape.

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Tags: Layoff, Dailyhunt, Employees, Profitability,