Clear Fires Over 100 Employees Amid AI Push

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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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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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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