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Humane, an AI Pin company, has laid off 4% employees before releasing their smartphone alternative gadget.
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According to the company, The layoffs are a cost-cutting measure.
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The company is scheduled to release its AI Pin in March 2024.
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The layoffs are seen as a strategic move before the AI Pin release.
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When asked about the reason of layoffs, Instead of providing a statement, Bongiorno made the announcement on LinkedIn.
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Bongiorno claims that the cuts were not communicated as layoffs, despite sources stating otherwise.
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Founding CTO Patrick Gates is also transitioning to an advisory role to spend more time with his family.
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She emphasizes the company's responsibility to be prudent and proactive in ensuring the right roles, people, and structure.