Acko cuts 5% workforce ahead of IPO as AI reshapes operations. The digital insurance firm eliminated approximately 60 jobs, roughly 5% of its 1,200-person workforce, as part of a structural realignment focused on integrating artificial intelligence. The company's chief marketing officer departed after five years, with internal promotions filling leadership gaps. This marks Acko's second layoff round since the pandemic. The restructuring reflects broader industry trends as companies optimize operations through automation. Acko targets a $300-400 million IPO in FY27, joining a wave of tech companies going public. The company has raised over $450 million from major investors including Amazon and Accel. Leadership emphasized that AI has fundamentally redesigned organizational operations, eliminating roles that no longer fit the company's new structure and priorities moving forward.
Post from MarketNews_en
Log in to interact with content.