As per Clear’s worker PF particulars accessible on the EPFO web site, about 130-140 staff misplaced their jobs within the retrenchment spherical
Clear’s layoffs additionally coincide with its AI push which has seen it launch ‘ClearTax AI’ simply final month to assist customers file their ITR “anytime, anyplace”
In FY24, the SaaS startup reduce its web loss by 61% YoY to INR 91 Cr whereas its working income zoomed over 95% to INR 207 Cr
Tax submitting platform Clear
, previously often called ClearTax, stated it has laid off about 16% of its workforce amid a “broader strategic organisational restructuring”.
The Peak XV Companions-backed startup didn’t disclose the precise numbers of staff impacted by the restructuring in its assertion. As per its worker PF particulars accessible on the EPFO web site, about 130-140 staff misplaced their jobs within the retrenchment spherical. The 14-year outdated SaaS startup had 855 staff in June 2025.
It’s pertinent to say that Clear had been on a hiring drive of types over the previous 12 months, rising its worker energy by 11% from 771 staff in June 2024. Notably, the startup laid off about 200 staff in a retrenchment train in September 2022 as nicely.
Clear didn’t specify the rationale for the newest layoff train.
“As Clear evolves, sure roles have been impacted by altering enterprise wants, and we’re reshaping groups to reinforce agility and future-readiness,” a Clear spokesperson stated within the assertion.
Clear was based in 2011 by Archit Gupta, Ankit Solanki, and Srivatsan Chari to offer a variety of tax and monetary companies to people, companies, and chartered accountants in India. It has raised almost $75 Mn from notable traders like Elevation Capital (previously SAIF Companions), Peak XV (previously Sequoia Capital India), Y-Combinator, Stripe, amongst others, to this point.
Over time, Clear has gained prominence for its revenue tax return (ITR) e-filing platform. Apart from, it presents a complete suite of GST-related services, expert-assisted plans and advisory companies to deal with advanced tax situations.
The layoffs come at a time which is often a peak season for the startup, because the final date to file ITR for evaluation 12 months 2025-26 has been prolonged to September 15.
Notably, Clear can be increasing its companies abroad. “We stay financially robust and proceed to scale globally – serving CFO workplaces throughout India, the UAE, Singapore, France, Belgium, and past – with the aim of constructing a trusted, world platform for compliance, finance automation, and enterprise intelligence,” the spokesperson added.
Whereas the SaaS participant is but to file its monetary statements for FY25, it managed to trim its loss considerably within the earlier fiscal 12 months. The startup managed to chop its web loss by 61% to INR 91 Cr in FY24 from INR 233 Cr within the earlier fiscal 12 months. Its working income zoomed over 95% to INR 207 Cr from INR 106 Cr in FY23.
Clear’s layoffs additionally coincide with its AI push. Final month, the startup launched ‘ClearTax AI’, which it claims helps customers file their ITR “anytime, anyplace”.
The startup’s elevated concentrate on AI whereas concurrently firing tech expertise, which as per stories included current graduates from premier establishments like IIT, isn’t a standalone occasion. Fintech main Paytm has reduce hundreds of jobs over the past couple of years amid rise in AI-led automation.
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