Truecaller has cut 70 jobs following a steep decline in its advertising revenue. The company revealed that ad revenue dropped by 44 percent, which directly triggered the layoffs. This reduction in workforce is a direct consequence of the revenue fall.
The layoffs affect 70 positions across the organization. Truecaller attributed the job cuts solely to the 44 percent decrease in ad sales. The company did not provide any further information regarding the specific teams or locations impacted.
A 44 percent slide in advertising income forced Truecaller to take immediate cost-saving actions. Cutting 70 jobs was the primary measure implemented to address the revenue gap. The company's decision underscores how severely the ad revenue contraction affected its operations.
The advertising revenue decline of 44 percent represents a substantial setback. Truecaller responded by eliminating 70 roles from its workforce. The layoffs are designed to bring costs in line with the reduced revenue stream.
No other details were disclosed by the company. The 70 job cuts are part of an effort to stabilize finances after the ad revenue plummeted. Truecaller did not comment beyond confirming the layoffs and the revenue decline.
The layoffs mark a significant reduction in staff for Truecaller.
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