Dailyhunt and Josh parent VerSe Innovation to lay off 150

VerSe Innovation, the parent company of news aggregator Dailyhunt and short-video platform Josh, has laid off around 150 people from its 3,000-strong workforce, representing 5% of its staff. As part of the cost-cutting exercise, the company has also implemented an 11% salary cut for employees with salaries of more than Rs 10 lakh per annum.