InMobi, adtech firm, plans to reduce 125 jobs in AI restructuring

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InMobi, the adtech company, is reportedly set to release around 125 employees as part of its implementation of artificial intelligence (AI) across its operations. This move is anticipated to affect approximately 5% of its global workforce of 2,500.According to a source cited by The Economic Times, InMobi Group is undergoing a comprehensive overhaul in various business areas, incorporating AI in technology, organizational structure, personnel, and skills.

The reported layoffs align with recent changes at One97 Communication, the parent company of Paytm, which resulted in the reduction of over 1,000 jobs. Paytm stated that it is integrating AI-powered automation to eliminate repetitive tasks and roles.Despite inquiries, InMobi did not respond to YourStory’s queries about the layoffs at the time of article publication.

Last July, enterprise ecommerce startup Dukaan replaced 90% of its support staff with an AI chatbot, showcasing a trend toward automation in various sectors.In November, Rajeev Chandrasekhar, the Union Minister of State for Electronics, Information, and Technology, dismissed concerns about AI taking away jobs in India.

Elon Musk, CEO of Tesla Motors, warned about the impact of AI on employment, describing it as the “most disruptive force in history.” Musk envisions a future where AI surpasses human intelligence, potentially rendering many jobs unnecessary, except for personal satisfaction.

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InMobi, adtech firm, plans to reduce 125 jobs in AI restructuring

InMobi, the adtech company, is reportedly set to release around 125 employees as part of its implementation of artificial intelligence (AI) across its operations. This move is anticipated to affect approximately 5% of its global workforce of 2,500.According to a source cited by The Economic Times, InMobi Group is undergoing a comprehensive overhaul in various business areas, incorporating AI in technology, organizational structure, personnel, and skills.

The reported layoffs align with recent changes at One97 Communication, the parent company of Paytm, which resulted in the reduction of over 1,000 jobs. Paytm stated that it is integrating AI-powered automation to eliminate repetitive tasks and roles.Despite inquiries, InMobi did not respond to YourStory’s queries about the layoffs at the time of article publication.

Last July, enterprise ecommerce startup Dukaan replaced 90% of its support staff with an AI chatbot, showcasing a trend toward automation in various sectors.In November, Rajeev Chandrasekhar, the Union Minister of State for Electronics, Information, and Technology, dismissed concerns about AI taking away jobs in India.

Elon Musk, CEO of Tesla Motors, warned about the impact of AI on employment, describing it as the “most disruptive force in history.” Musk envisions a future where AI surpasses human intelligence, potentially rendering many jobs unnecessary, except for personal satisfaction.

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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