Brave, the innovative web browser and search engine startup, has recently announced a reduction in its workforce, laying off 27 employees across various departments. While the company confirmed the layoffs, it has yet to provide specifics on its remaining headcount or the exact reasons behind the decision. According to PitchBook, Brave's total employee count stands at around 191, meaning this reduction represents roughly 14% of its staff.
This latest round of layoffs follows a previous cutback in October 2023, when Brave reduced its workforce by 9%. At that time, the company attributed the layoffs to the need for cost management amidst economic challenges.
Brave, which initially gained attention for its blockchain-based features and crypto-related integrations, has recently shifted its focus toward artificial intelligence. This year, the company introduced its AI assistant, Leo, across multiple platforms including desktop and mobile devices. Leo integrates seamlessly with Brave's search results, allowing users to obtain information and context without leaving their current page. Additionally, Brave offers a premium subscription for Leo at $14.99 per month, providing enhanced models and extended usage limits.
In a bid to further engage its user base, Brave has also enabled all users to link their own AI models to the browser, following successful testing of this feature.
While Brave has not disclosed the financial impact of its AI developments, the connection between these initiatives and the recent layoffs remains uncertain. The company's evolving strategy highlights its ongoing efforts to adapt and innovate in a competitive landscape.
