Truecaller slashes 70 jobs amid declining ad sales
Key takeaways
- Sweden-based caller ID company Truecaller said it will cut 70 jobs, or roughly 15% of its workforce, in the second quarter, as the company posted its Q1 2026 results with a decline in revenue and profits.
- In its Q1 2026 results, Truecaller s net sales dropped 27% to 362 million SEK ($39.34 million).
- The situation in the Middle East also reduced our revenues from that region, Truecaller CEO Rishit Jhunjhunwala said during the earnings call.
Sweden-based caller ID company Truecaller said it will cut 70 jobs, or roughly 15% of its workforce, in the second quarter, as the company posted its Q1 2026 results with a decline in revenue and profits. Truecaller blamed real-money gaming in India, changes in advertising partner algorithms, and conflict in the Middle East for the slide.
As Tech Crunch reported last month, the company is already facing challenges from India s telecom-led solutions, such as Calling Name Presentation (CNAP) identification service, and 5% year-on-year decline in downloads last year.
In its Q1 2026 results, Truecaller s net sales dropped 27% to 362 million SEK ($39.34 million). In its biggest market, India, net sales dipped by 41% year-on-year. In addition, ad revenues declined by 44%.