Verses AI Cuts Workforce by Half to Refocus on Core Markets

Reuters
2026.01.16 23:03
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Verses AI Inc. has announced a corporate reorganization, cutting its workforce by approximately half to focus on core markets and priority initiatives. This includes terminating furloughed employees and executives not involved in core activities, with some executives deferring salaries. These actions aim to lower operating costs and improve liquidity, with leadership expressing gratitude for the contributions of those affected.