SoundHound Raises $25 Million After Laying Off Nearly Half Its Employees
former employees estimated at the time the layoffs took out nearly half the company.“When we set course in early 2021 to become publicly listed, high tech companies like SoundHound were the darlings of the investor community,” SoundHound CEO Keyvan Mohajer wrote in a note to staff earlier this month. “Companies who could achieve high growth, despite high costs, were seen as engines of a future economy.
“I’m actually quite shocked by the way the layoffs were handled,” one of the laid off employees told Gizmodo earlier this month. “I was expecting a 17-
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