Verbit Lays off 10% Workforce – 110 Employees

Verbit – The Israeli born company that provides transcription and captioning solutions through AI has announced to let go 10% of its Global workforce on Tuesday – as reported by CalCalistech

The company has laid off around 80 employees from its US office and 30 employees from its Israeli location, making it around 110 employees. Verbit did close a $250mn of Series E funding round last November spiking its valuation to $2bn.

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