Dataminr, the $4B Big Data Startup, Lays Off 20% of Workforce (150 Employees) to Focus on AI Growth
Dataminr, the New York-based big data unicorn valued at $4.1 billion, is facing a challenging day as it announces layoffs affecting approximately 20% of its workforce, translating to around 150 employees. According to a memo shared by founder and CEO Ted Bailey, the company is restructuring due to influences from the economic landscape, the need for operational efficiencies, and "the recent rapid advancements of our AI platform."