News aggregator SmartNews lays off 40% of US and China staff, with further reductions planned in Japan

SmartNews, a Tokyo-headquartered news aggregation website and app valued at $2 billion as of 2021, today announced a 40% reduction of its U.S. and China workforce, or around 120 people, according to sources familiar with the company’s plans. The news was announced on Thursday in an All-Hands meeting attended this evening by SmartNews staff. The company confirmed the layoffs to TechCrunch, saying the “current economic conditions” were to blame.
Impacted roles in the U.S. and China include those in engineering, product, and data science, we understand. SmartNews employees in Ja

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