Brave Software Lays Off 9% of Staff Due to Economic Challenges
Brave Software, the maker of Brave Browser and Search, has confirmed that it recently laid off 9% of its employees across various departments. The decision was driven by the difficult economic climate.
The company did not disclose the exact number of individuals affected but acknowledged the workforce reduction. A representative from Brave Software stated, “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,” according to a statement made to GamingIdeology.
In an effort to strengthen its revenue sources, Brave Software has taken several crucial steps this year. In April, Brave Search discontinued using Bing Index and began relying on its own indexing solution. Additionally, the company launched its own search API in May with subscription plans starting at $3 for every 1,000 queries. The API includes different plans for AI data model training, data storage rights, spellcheck, and autosuggest features. Just last month, Brave introduced image, news, and video results as part of its Search API offerings.
Furthermore, Brave has been testing a native AI assistant known as Leo for its browser. While the company intends to make Leo available to all users, there will also be a premium tier offering enhanced features such as higher rate limits and access to more conversation models. This premium tier pricing structure is implemented to help cover the costs associated with API access and hosting, the company explained.
