Fiverr, the multinational online freelance marketplace, has announced plans to critically downsize its staff and employ more artificial intelligence, CEO Micha Kaufman announced in a company update, which includes a letter to employees.

Kaufman shared the letter with his staff on Sept. 15, announcing that the company is laying off 250 employees as part of a “painful reset" and a pursuit to become an "AI-first company." The number of employees accounts for nearly 30 percent of its workforce, as reported by The Wall Street Journal.

The goal of the downsizing is to make the platform "leaner, faster, with a modern AI-focused tech infrastructure, a smaller team, each with substantially greater productivity, and far fewer management layers," according to the chief executive.

Kaufman added tha

See Full Page