Posted 1/10/2024, 12:21:00 AM
Humane Lays Off 4% of Staff Ahead of First Product Release
- Humane laid off 4% of employees (10 people) this week as a cost cutting measure before releasing its first product, the AI Pin
- The $699 AI Pin is pitched as a smartphone replacement and shipments are planned to start in March
- Humane has raised over $200 million from top Silicon Valley investors
- The layoffs came as part of a company reorganization involving leadership changes
- Humane CEO Bethany Bongiorno frames the cuts as part of evolving the organizational structure, not a layoff