Pin

Humane laid off 4% of its employees this week in a move described as a cost-cutting measure, according to people familiar with the matter who requested anonymity. Company leadership recently told employees that the budget would be down this year, said a person familiar with the matter who requested anonymity. The layoffs, which affect 10 people, come just five years after the startup launched its first device, a $699, screenless, AI-powered Pin that is billed as a smartphone replacement. Humane launched the AI Pin globally in November and began taking pre-orders…