Net browser and search startup Courageous has laid off 27 staff throughout the totally different departments, TechCrunch has realized. The corporate confirmed the layoffs however didn’t give extra particulars concerning the whole headcount left and the explanation for the layoffs. It represents a good portion of the corporate’s workers — PitchBook estimates that Courageous has round 191 staff.
The brand new spherical of job cuts comes practically 10 months after the corporate let go of 9% of its whole workforce in October 2023. At the moment, the corporate stated that these cuts had been to a part of its efforts for “value administration on this difficult financial setting.”
After including a number of crypto-related options, Courageous has closely leaned into AI with its product releases this 12 months. The corporate launched its AI assistant, Leo, on desktop, Android, iPad, and iPhone in a staggered launch cycle.
The corporate built-in its personal search outcomes with its Leo chatbot in June. This meant customers can ask concerning the rating of a sports activities match, or get extra context about an article they’re studying with out leaving the web page. The corporate can also be promoting a Leo Premium subscription for $14.99 per 30 days for entry to higher fashions and better restrict charges.
Earlier this month, the corporate began letting all customers hyperlink their very own fashions to make use of within the browser after testing the power for a couple of months.
Courageous didn’t specify if the price of growing and operating these AI-focused options was one of many motivations behind this wave of layoffs.