Tuesday, November 26, 2024
HomeMarketingBENlabs Names New CEO, Cuts Half Its Workers After AI SaaS Failure

BENlabs Names New CEO, Cuts Half Its Workers After AI SaaS Failure

The issue was the corporate didn’t have the assets or information base to make that massive shift.

“I equate it to turning a restaurant into an accounting agency,” stated the ex-employee.

The supply stated the corporate grew to become centered on Butler’s mission and didn’t take heed to what different executives on the firm have been saying about sticking to what the corporate did greatest.

Underneath Butler, Branded Leisure Community rebranded twice, first as BEN Group after which BENlabs. He said that the advertising and marketing group was fired and employed quite a few instances and many individuals didn’t know who the advertising and marketing group was.

Based on the worker, the AI enterprise was “extraordinarily difficult and terribly costly,” a lot in order that it required an infusion of cash from Gates Ventures to maintain it going.

The worker stated the corporate didn’t talk what was occurring, so there was no time to organize for the top. He stated that the corporate ultimately stopped paying some creators, influencers and distributors.

The worker stated that this layoff resulted in half the employees being laid off, however there have been a few layoffs earlier than this one, so he believes the quantity is greater.

A second supply who previously labored at Branded Leisure Community and is conversant in the current happenings on the firm confirmed the ex-employee’s statements.

Sheffield’s electronic mail ends recognizing that the trail ahead will probably be troublesome.

“For many who will stay with the corporate, I might ask that you just use the times and weeks forward to affix me in expressing empathy and gratitude for our mates and colleagues who will probably be departing.”

ADWEEK reached out to BENlabs and the corporate referred to its newest LinkedIn put up.

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