SenseTime Layoffs

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Chinese AI firm SenseTime has reportedly conducted another round of layoffs across multiple departments, with affected employees being asked to leave within a week. This marks the company's second major downsizing in less than a year. According to sources cited by Caixin, the smart city group division saw a workforce reduction of 10% to 15%. The layoffs occur as SenseTime, a Hong Kong-listed company under U.S. sanctions, continues to operate at a loss, having incurred over RMB 40 billion in deficits over the past five years. The company is also actively competing in the development of large language models, having launched its SenseNova model in April. By the end of 2022, SenseTime's total employee count had already decreased by more than 1,000, a decline of 16.6% from the previous year.

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