Brave, the Notable Web Browser and Search Startup, Lays Off 27 Employees:
Brave, the well-known web browser and search startup, has recently announced the layoff of 27 employees across different departments.. While the company has confirmed the layoffs, it has not provided further details on the remaining headcount or the reasons behind the decision. However, PitchBook estimates that Brave currently employs around 191 people, indicating a 14% reduction in staff.
This new round of job cuts comes approximately 10 months after the company let go of 9% of its total workforce back in October 2023. At that time, Brave attributed the cuts to “cost management in this challenging economic environment.”
Brave, initially known for its “blockchain browser” branding and crypto-related features, has more recently shifted its focus toward AI with its product releases this year. The company launched its AI assistant, Leo, on desktop, Android, iPad, and iPhone, in a staggered release cycle.
In June, Brave integrated its own search results with the Leo chatbot, allowing users to ask questions about sports scores or gain additional context on articles they are reading without leaving the chat interface. The company is also offering a Leo Premium subscription for $14.99 per month, providing access to enhanced models and higher rate limits.
Earlier this month, Brave started allowing all users to link their own custom models for use in the browser after a period of testing.
Brave has not disclosed the costs associated with developing and running these AI-focused features, and it remains unclear if those costs played a role in this wave of layoffs. The company continues to evolve and adapt to market demands, but the recent job cuts highlight the importance of prudent cost management.