SoundHound Layoffs
November 2022
SoundHound announced a layoff affecting 45 employees (10% of its workforce) in November 2022. The company operates in the Other sector.
45
10%
Nov 10, 2022
About
In November 2022, voice AI company SoundHound laid off approximately 10% of its workforce, affecting around 45 employees out of a total of 450. The Santa Clara-based firm, which had gone public via SPAC earlier that year, cited challenging market conditions and the need to streamline operations and focus investments on growth areas. The layoffs were accompanied by salary cuts for some remaining staff. SoundHound, founded in 2005, provides its voice AI platform to major clients like Mercedes-Benz and Hyundai and operates in the competitive artificial intelligence and automotive technology industry.
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