Krutrim

Krutrim, an Indian AI startup founded by Ola's Bhavish Aggarwal, laid off approximately 5-10% of its workforce in May 2024, affecting around 30 employees. The company, which had grown to about 400 employees, stated the restructuring was aimed at improving operational efficiency and focusing on key priorities. This move followed Krutrim's recent achievement of unicorn status after a successful funding round. The layoffs, occurring within the competitive artificial intelligence industry, reflect a strategic realignment as the company scales its operations and product development.

Indian AI unicorn Krutrim has laid off over 100 employees in a second round of job cuts, reportedly affecting a large portion of its linguistics team, which had around 600 members. This move, part of a strategic realignment to build leaner teams and manage resources better, follows a smaller round of layoffs in June. The company, which recently unveiled its AI assistant Kruti and announced major investments, is simultaneously stepping up hiring for its AI labs. The layoffs highlight the ongoing restructuring within the fast-growing AI startup as it balances expansion with operational efficiency.