Essential has cut about 30 per cent of its employees, according to a report by Bloomberg. The majority of layoffs are apparently in the hardware and sales division. At present, the company has about 120 employees, according to its website. In a statement to Bloomberg the company wrote: This has been a difficult decision to…
Essential has cut about 30 per cent of its employees, according to a report by Bloomberg. The majority of layoffs are apparently in the hardware and sales division. At present, the company has about 120 employees, according to its website. In a statement to Bloomberg the company wrote:
The cuts came after Essential cancelled plans for a second version of its smartphone and paused development of a home smart device that would compete with the likes of Amazon and Google. The company spent about $100 million developing its first products, and Rubin put Essential up for sale earlier this year.
Related Andy Rubin, Founder of Essential Is Reportedly Making an AI Phone That Will Do Things on Your Behalf
The company hopes to regain footing in the market via a different phone. The rumoured device is powered by AI which tries to mimic the user and automatically respond to messages on their behalf. Getting rid of a third of your workforce is a bold move, and we hope that Essential has something big in the pipeline to show for it.
Source: Bloomberg
