Livspace Cuts 5% Workforce in AI-Led Restructuring, COO Saurabh Jain Steps Down
The Bengaluru-headquartered startup, valued at over $1.2 billion in its last funding round, confirmed on February 20, 2026, that it is laying off approximately 5% of its workforce—around 200 employees—as part of a comprehensive pivot toward AI-driven automation across its operations .
The announcement came alongside news that Co-founder & COO Saurabh Jain is stepping down from his operational role after nearly a decade with the company, though he will continue as a shareholder and advisor during the transition .
This development places Livspace among a growing cohort of Indian consumer-tech companies making difficult but forward-looking decisions to integrate AI deeply into their business models—even when it means parting ways with long-time leaders and valued team members .
Read More