Acko Cuts 5% Workforce Amid AI-Led Restructuring

India's insurtech darling Acko has graced 60 employees with the opportunity to 'explore careers outside the firm' — the new corporate euphemism for being walked out the door with a cardboard box. According to the company, this shake-up is 'driven by increased use of artificial intelligence,' which apparently decided that a good chunk of the customer service, underwriting, and policy management functions were better handled by a few lines of Python code. Oh, splendid — another batch of data points in the grand experiment of automating livelihoods. Not dystopian at all. ✨ The Bengaluru-based unicorn, valued at a cool billion dollars, framed this as routine restructuring. Of course it's routine: tech companies love a round of AI efficiency cuts while sipping milky tea. About 60 people lose their jobs, but innovation gallops forward! Let's pause to savour Acko's rationale: 'We are investing in AI to scale in a capital-efficient manner.' Translation: your salary is now an extravagance the model doesn't need. Employees get a dignified severance and time to reflect on their irrelevance. What a kind, thoughtful letting go. Meanwhile, there's not a single word about reskilling, redeployment, or any plan for the displaced beyond cheerful platitudes. But hey, it's 'restructuring,' not a firing — much nicer term, isn't it? Next headline, please.