Livspace Fires 1,000 Employees, cofounder Saurabh Jain Quits

Home interior unicorn Livspace has laid off 1,000 employees, about 12% of its workforce, as it increases its focus on AI. 

A company spokesperson said the job cuts were due to the use of advanced AI and automation in key areas such as sales, operations, design, and marketing.

The company said the move was not a cost-cutting step but a longterm strategy to better use its resources. “We are investing heavily in AI and technology that allows us to deliver better customer outcomes with more precision. We are choosing to lean into the future of work rather than clinging to legacy operational models,” the spokesperson added.

Read also- Peak XV Launches Three New Funds with $1.3 Billion in Capital Commitments

The spokesperson said the layoffs happened over the past six months as the company tested and rolled out AI tools across different functions. This gradual approach helped ensure that as manual roles were reduced, automated systems could maintain service quality.

Amid the job cuts, Livspace’s cofounder and India CEO Saurabh Jain also stepped down to pursue personal interests. The company said Jain played a key role in building Livspace’s AI avatar, which enabled the reduction in roles.

“Sometimes you have to close a meaningful chapter — not because the story ends, but because a bigger one is ready to begin,” cofounder Jain said in a post on LinkedIn.

Advertisment

Founded in 2015 by Ramakant Sharma and Anuj Srivastava, Livspace runs an omnichannel home interiors and renovation platform that connects homeowners with interior designers, contractors, and vendors.

The company has raised over $450 million so far from investors including KKR, Ingka Group Investments (IKEA’s parent company), TPG Growth, Goldman Sachs, Bessemer Venture Partners, and Jungle Ventures, among others.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Latest Business and Startup News: Discover Funding Trends and Stories Shaping Indian Startups.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving succes.

Advertisment