AI Startup Tome Restructures, Focuses on Sales Teams; Lays Off 20% Staff

AI startup Tome is undergoing a strategic restructuring to focus more on its enterprise sales customers, which are its main revenue generators. The restructuring involves laying off about 20% of its staff, approximately 12 employees. This shift comes as Tome aims to enhance its product offerings for sales teams by integrating advanced capabilities like research and customer personalization into its presentation software. The company's co-founder, Keith Peiris, and key investor Reid Hoffman, who consulted on the strategy, have both discussed these changes. Additionally, Tome is developing an AI tool tailored to scrape U.S. Securities data to better support sales processes.