DeepL lays off 25% of its workforce
13 hours ago
- #restructuring
- #AI
- #layoffs
- Cologne AI company DeepL is laying off about 250 employees, which represents around a quarter of its workforce.
- CEO Jarek Kutylowski describes this as the most difficult decision of his career, part of a structural restructuring to maintain global leadership in AI.
- The restructuring involves integrating AI into all workflow levels, shifting to smaller, self-responsible teams, and focusing human efforts on creative and intuitive tasks.
- Kutylowski will lead a working group to rethink product development and customer collaboration with AI at the center.
- DeepL is developing its own AI tools, including an AI agent for finance, sales, and customer service, and recently launched real-time speech translation for corporate use.
- The company was valued at $2 billion in May 2024 and considered a candidate for a U.S. IPO with potential valuation up to $5 billion.