Acko Implements Workforce Reduction as Part of AI-Driven Restructuring
Indian digital insurer Acko has cut its workforce by approximately 5% as part of an AI-led restructuring effort. The company is also undergoing a senior management change, with the chief marketing officer set to leave. This is Acko's second round of layoffs, following a similar move during the pandemic. The restructuring coincides with preparations for a potential $300m–$400m initial public offering in FY27.
Topics: AI adoption executive changes IPO planning layoffs restructuring