SoundHound, the voice AI platform, lays off 10% of staff citing ‘challenging market conditions’

SoundHound — maker of the voice AI technology used by Mercedes-Benz, Deutsche Telecom, Snap and Mastercard and more — has laid off about 10% of its workforce amid ongoing economic turmoil across global markets.
The Santa Clara-headquartered company — which went public via a SPAC in April of this year — announced the decision to its employees on Wednesday. Alongside that, it also imposed salary cuts for some of those not laid off. The company did not specify the details of the salary cuts, nor how many were affected.
“Yesterday, we announced to our SoundHounders that we are taking actions

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