Soundhound recently announced 200 employees from their company that means 50% workforce from their total headcount.
SoundHound, a voice AI company, laid off nearly half of its remaining staff last week roughly 200 people in a major company-wide downsizing, according to three employees who lost their jobs and an email from the CEO viewed by Gizmodo. What’s more, the former SoundHound employees are in for a rough landing. Their severance package includes no healthcare and just two weeks of severance, and that’s only if SoundHound can raise more money, the three laid-off staffers told Gizmodo. If the company can’t secure additional funding, the former employees said they don’t know what will happen to them.
An ex-employee summed up the state of affairs in one word: “Pitiful.” “I’m actually quite shocked by the way the layoffs were handled,” one of the laid-off employees told Gizmodo. “I was expecting a 17-year-old company, which is now a public company, to at least provide bare minimum severance.”