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FinTech

Clear Fires Over 100 Employees Amid AI Push


SUMMARY

As per Clear’s employee PF details available on the EPFO website, about 130-140 employees lost their jobs in the retrenchment round

Clear’s layoffs also coincide with its AI push which has seen it launch ‘ClearTax AI’ just last month to help users file their ITR “anytime, anywhere”

In FY24, the SaaS startup cut its net loss by 61% YoY to INR 91 Cr while its operating revenue zoomed over 95% to INR 207 Cr

Tax filing platform Clear, formerly known as ClearTax, said it has laid off about 16% of its workforce…



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