Mews cuts 15% of workforce as AI changes 'economics of hospitality'

Hospitality technology company Mews announced a 15% reduction in its global workforce, approximately 170 roles, across all teams and geographies, with customer-facing roles largely unaffected. Founder Richard Valtr stated the company remains in a strong position and continues to grow, but AI is fundamentally changing the economics of hospitality, prompting proactive action. Mews aims to build an AI-native hospitality operating system and continues to hire for certain roles. The company previously raised $300 million in Series D funding at a $2.5 billion valuation.