Overview
- Livspace confirmed laying off roughly 1,000 employees, or about 12% of its workforce, as part of a business redesign centered on artificial intelligence.
- The company says advanced AI agents now handle tasks that were previously manual across core functions, with existing teams focused on higher-value work.
- Executives said the reductions were executed over the past six months and characterized the move as a strategic reallocation rather than reactive cost-cutting.
- Co-founder Saurabh Jain has left after 11 years, announcing his exit on LinkedIn as co-founders Ramakant Sharma and Anuj Srivastava continue to lead.
- The cuts follow smaller rounds in 2020 and 2023; reported FY25 revenue rose about 23% to Rs 1,460 crore as losses narrowed to Rs 242 crore, providing context for the shift.