Exclusive: Prosus-Backed Airmeet Undertakes Another Restructuring Exercise, Fires 80% Tech Team

Exclusive: Prosus-Backed Airmeet Undertakes Another Restructuring Exercise, Fires 80% Tech Team

SUMMARY

The restructuring exercise also impacted employees from the product and design teams

Overall, around 30 employees, or 20% of Airmeet’s workforce, were laid off in the virtual event startup’s latest restructuring exercise

Airmeet founder Lalit Mangal told Inc42 that the startup is working on a new non-event AI-focused product

Conducting its third restructuring exercise in about 16 months, virtual event startup Airmeet laid off around 80% of its tech team last month, sources told Inc42.

The Prosus-backed startup also fired some employees from its product and design teams as part of the restructuring exercise. Overall, around 30 employees, or 20% of Airmeet’s workforce, were laid off, the sources added.

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