Mumbai, Feb. 20 -- Home interior and renovation platform Livspace has laid off about 1,000 employees, 25% of its 4,000-strong workforce, as the unicorn transitions to an AI-native, agentic organization, according to people aware of the development.

Separately, co-founder Saurabh Jain has exited the company, the people added.

Livspace elevated Saurabh Jain in 2022, then its chief business officer, as co-founder and chief executive for India operations, as part of its broader top-level reshuffle that also included appointing Lalit Mittal as chief business officer for the India business.

A Livspace spokesperson said Jain is leaving after more than a decade at the company. "After 11 remarkable years, our co-founder, Saurabh Jain, has decid...