Dailyhunt parent VerSe to lay off 350 employees this month in push for profitability

Dailyhunt parent VerSe Innovation is laying off 350 employees this month as it plans to accelerate investments in artificial intelligence (AI) and streamline operations, it said on Saturday.

As part of this strategic transformation, the company will use AI to automate several manual processes to “increase operational efficiency”, according to a press statement.

The Bengaluru-based company is taking these steps to achieve profitability by the end of this financial year.

With these layoffs, VerSe Innovation joins other content-led startups that have…