Layoffs
Truecaller cuts 70 jobs
Swedish caller-ID app company cites declining ad sales.
−70jobs affected
Truecaller laid off 70 employees, according to TechCrunch. The Swedish caller-ID and spam-detection app company attributed the cuts to declining ad sales. The layoffs represent a significant reduction for the company, which has relied on advertising as a core revenue stream.
Sources
TechCrunch Layoffs