India, Feb. 20 -- Home interior and innovation unicorn Livspace has laid off 1,000 employees, or 12% of its workforce, amid AI push. In a statement, the startup's spokesperson said that integration of advanced AI agents and automation across its core functions - sales, operations, design, and marketing - resulted in the job cuts.

The company said that the decision wasn't a reactive cost-cutting measure but rather a strategic reallocation of resources for the long run. "We are investing heavily in AI and technology that allows us to deliver better customer outcomes with more precision. We are choosing to lean into the future of work rather than clinging to legacy operational models," the spokesperson added.

Moneycontrol was the first to ...