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Any company that cites “challenging economic environment” while by all measures the economy is overheated, is full of shit. Hackernews discussion first comment nails it, oh they took VC money and now don’t control their own company as they have to pay the piper and lay off people for venture capital reasons.
They’ve been a grift for a long time now, they made it nearly impossible to take ownership of their BAT bs via device registration locks. If you updated your phone or desktop OS 3x you no longer could register as owner of their shitty wallet.
May have been fixed by now (i doubt it highly lol).
This is the best summary I could come up with:
The company didn’t specify how many people were affected, but it corroborated the development and said the decision was driven by the tough economic climate.
“Brave eliminated some positions as part of our cost management in this challenging economic environment.
Several departments were affected, amounting to 9% of our staff,” a company spokesperson told TechCrunch in a statement.
Last month, Brave introduced image, news, and video results as a part of its Search API.
Brave has also been testing a native AI assistant called Leo for its browser.
While it plans to make it available to all users, Brave said that Leo will have a premium tier with features like higher rate limits and access to more conversation models.
The original article contains 222 words, the summary contains 119 words. Saved 46%. I’m a bot and I’m open source!