https://layoffcheck.com/companies/verse-innovation-copy Layoff and WARN notices reported for VerSe Innovation copy. en-us https://layoffcheck.com/companies/verse-innovation-copy#2025-05 https://layoffcheck.com/companies/verse-innovation-copy#2025-05-355 Sun, 18 May 2025 12:00:00 GMT VerSe Innovation, the Bengaluru-based parent of short-video app Josh and news platform DailyHunt, laid off approximately 350 employees in May 2025 as part of a strategic restructuring it framed as a "workforce realignment." The company said it planned to automate manual processes, cross-leverage talent across business units, and direct resources toward growth segments, with an eye on organic revenue growth and strategic acquisitions. VerSe posted FY24 total revenue of Rs 1,261 crore, cut its EBITDA burn 51% to Rs 710 crore, and narrowed its net loss 56% to Rs 814.8 crore. Leadership projected 75%-plus revenue growth for FY25. The round was the company's third known reduction, following cuts of about 150 employees in late 2022 and 50 to 70 in 2024. No severance terms were disclosed.