New Delhi, May 17 -- News aggregator DailyHunt's parent company VerSe is set to lay off 350 employees in what the company called a 'strategic transformation' to overhaul its working methods.

In a press release on late Saturday, VerSe said that it will streamline approximately 350 roles within the company. The layoffs will be made in May, it said.

"To build a more future ready organization where talent is cross leveraged across business units and resources are directed towards growth segments, the company will streamline its workforce by approximately 350 roles this month," VerSe said, revealing that it will be undergoing a structural alignment.

VerSe said that it is undergoing the transformation to build an "agile, focused, and future-...