Verbit, a leading provider of voice AI transcription and captioning solutions, announced today it has acquired Take 1, a leader in transcription, access and localization services for the media and entertainment sector, headquartered in the UK.
Verbit is undergoing an organizational change involving about 50 layoffs in the U.S. and 30 in Israel. It will employ a total of 520 employees following the cutback, 50 more than it had when it announced its latest funding round.
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