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Livspace Undergoes Major Restructuring: 1,000 Staff Laid Off Amid AI Shift, Co-founder Saurabh Jain Resigns
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Livspace Fires 1,000 Employees, Co-founder Quits Amid AI Shift
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Moneycontrol
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20-02-2026, 19:15
Livspace Fires 1,000 Employees, Co-founder Quits Amid AI Shift
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KKR-backed Livspace laid off 1,000 employees (12% of workforce) to cut costs and replace personnel with AI.
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The decision impacts staff across design, sales, operations, and marketing functions.
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Livspace spokesperson stated this is a strategic reallocation of resources to become an AI-native organization.
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Co-founder Saurabh Jain, who joined in 2015, has also quit the company to pursue personal interests.
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This marks at least the second round of layoffs; Livspace reduced losses and increased sales in FY25.
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