BENGALURU/MUMBAI, April 20 -- Digital insure-tech firm Acko has let go of about 60 employees, roughly 5% of its workforce, as it undergoes a structural realignment with a greater focus on integrating artificial intelligence (AI) into its operations, multiple people familiar with the matter said. Affected employees may remain with the company until the end of June, the people added. The job cuts come alongside the departure of chief marketing officer Ashish Mishra, who spent nearly five-and-a-half years at Acko after joining in August 2020. Mishra is currently serving his notice period and is expected to be succeeded by Nitin Khanna, who has spent over seven years at the company across marketing roles, the people added. A spokesperson for Acko confirmed the developments to Mint. The company is in the middle of a transition that has led to job cuts across roles and functions. "AI has fundamentally redesigned how the company will operate. So there are certain roles which worked in the previous version of the organisation that don't exist anymore," one of the people cited above said. Acko's total employee count stood at around 1,200 as of March 2026, according to company officials. This marks the company's second round of layoffs. During the covid-19 pandemic, Acko had let go of 45-50 employees from its then 480-500-strong workforce, as it sought to cut costs and extend its runway, Entrackr reported at the time. Acko's push to be AI-ready comes as it prepares for a $300-400 million initial public offering (IPO) in FY27. Mint reported in December that the company is in early discussions with bankers to gauge market interest. The proposed issue is likely to include a mix of fresh capital and secondary sales by existing investors....