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SoundHound, a voice AI company that laid off 40% of its employees earlier this month, announced Tuesday that it had successfully raised $25 million in equity investment. That funding brings good news for the laid off staff, three of whom previously said what measly severance they were offered—just two weeks, no health insurance—was conditional upon SoundHound securing new investment, as exclusively reported by Gizmodo. SoundHound was blunt in a statement on the investment: “Confirming our funding news and that former…

Screenshot: https://www.soundhound.com/SoundHound, a voice AI company, laid off nearly half of its remaining staff last week—roughly 200 people—in a major company-wide downsizing, according to three employees who lost their jobs and an email from the CEO viewed by Gizmodo. What’s more, the former SoundHound employees are in for a rough landing. Their severance package includes no healthcare and just two weeks of severance, and that’s only if SoundHound can raise more money, the three laid off staffers told Gizmodo. If the…

SoundHound, a US-based maker of voice AI technology used by Mercedes-Benz, Deutsche Telekom, Snap, MasterCard and others, has laid off about 10 percent of its workforce amid ongoing economic turmoil in global markets.The company announced the decision to its employees last week.In addition, it imposed salary cuts on some of those who were not laid off. The company did not specify the details of the salary cuts or how many people were affected.Read Also"We announced to our SoundHounders that we are taking actions to…