Brave Browser maker lays off 9% of its workforce

By admin

Brave Software
ORG

, maker of

Brave Browser and Brave Search
ORG

, confirmed that it has laid off

9%
PERCENT

of its workforce.

Brave Software
ORG

was founded in

2015
DATE

. The private company has seen significant growth ever since it launched the

first
ORDINAL

version of

Brave Browser
ORG

in

2016
DATE

.


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Brave Browser
ORG

is a privacy-focused

Chromium
ORG

-based web browser. The company and its browser are not without criticism though. Especially the integration of Brave Rewards, an advertising system that rewards users for viewing advertisement with

BAT
ORG

, Basic Attention Token, currency has been the focus of criticism.

The system is entirely optional though and supporters of

Brave Browser
ORG

highlight the browser’s privacy and security systems, which work out of the box in many cases.


A Brave
ORG

spokesperson told

Techcrunch
ORG

that the layoffs were part of the company’s cost management in a "challenging economic environment". Brave did not reveal the number of employees that it let go. The company’s

LinkedIn
ORG

page lists

229
CARDINAL

employees, but those are probably only those that are on

LinkedIn
ORG

and linked to the company. Taking the figure, it would mean that

Brave Software
ORG

let go

at least 20
CARDINAL

employees.


Brave Browser and Brave Search
ORG

have seen considerable growth.

Brave Software’s
ORG

Transparency Data Feed lists

63.86 million
CARDINAL

active users and

22.96
CARDINAL


daily
DATE

active users for

the month of August 2023
DATE

.


Three years ago
DATE

,

Brave
ORG

claimed that it had

7 million
CARDINAL


daily
DATE

active users and

20.5 million
CARDINAL


monthly
DATE

active users.

The company has expanded its portfolio of products and revenue generating options. Besides Brave Browser and its

BAT
ORG

system,

Brave Software
ORG

has launched

Brave Search
ORG

. Brave Search is an independently run search engine, which the company introduced in

2021
DATE

.


Brave Search
ORG

is supported by what

Brave Software
ORG

calls privacy preserving ads. These ads or the search engine do not track users.

Brave Software
ORG

launched a search API as well, which offers access to the database starting at $

3
MONEY

per

1000
CARDINAL

queries.

The most recent company product is

LEO
ORG

, an

AI
ORG

chat assistant that the company has integrated into

Brave Browser
ORG

.

Leo
PERSON

is free to use, but

Brave Software
ORG

announced plans to introduce a paid tier in the future.


Brave Software
ORG

is a private company and it is unclear how well it is doing because of that. It is not the only company that announced rounds off layoffs.

Microsoft
ORG

,

Meta
ORG

or

Google
ORG

have all laid off employees in

the past two year period
DATE

.

Now You: do you use Brave products?

Summary Article Name Brave Browser maker lays off

9%
PERCENT

of workforce

Description Brave Software
ORG

, maker of

Brave Browser and Brave Search
ORG

, confirmed that it has laid off

9%
PERCENT

of its workforce. Author

Martin Brinkmann
PERSON

Publisher Ghacks Technology News Logo

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