Agriculture supply chain firm Waycool has laid off over 200 employees across departments in its third round of layoffs. This move aims to simplify and automate roles as the company strives for profitability. Previous layoffs occurred in July 2023 and February, affecting more than 370 employees.
Santa Clara-based AI platform provider acquired Germany’s Raytion, an information retrieval technology company. Raytion, led by CEO Valentin Richter, offers GenAI-powered search and knowledge management for cross-enterprise data integration. Since 2001, Raytion has implemented large-scale solutions for Global 500 companies worldwide.
