Freshworks, a software-as-a-service (SaaS) company, announced it will eliminate 500 jobs, which is 11% of its global workforce, as it pivots towards artificial intelligence. Despite the layoffs, the company reported a strong Q1 revenue of $228.6 million, surpassing market expectations. CEO Dennis Woodside emphasized that this move aims to keep the company agile and focused on AI advancements. This round of layoffs marks the first significant job reduction since 2024, when Freshworks cut around 13% of its staff. Meanwhile, Meesho, an e-commerce platform, reported a substantial reduction in losses, down 88% to ₹166 crore, alongside a 47% increase in revenue to ₹3,531 crore. PB Fintech also performed well, with a 36% revenue increase to ₹2,061 crore and a 54% rise in net profit. Additionally, Samsung Electronics reached a historic market valuation of $1 trillion, fueled by strong demand for AI chips, although challenges remain in other business segments.