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AI Pioneer CloudWalk Sustains Heavy Losses Over Eight Years: Over 50% R&D Layoffs and Executive Pay Cuts
2025-05-08 /
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Author：小编
According to CloudWalk's 2024 annual report, the company is grappling with significant operational challenges. Once lauded as one of the "Four Little Dragons of AI," CloudWalk has resorted to drastic measures such as extensive layoffs within its R&D department, which now exceed 50% of its workforce, and pay cuts for its executives. The company's revenue for 2024 plunged to 398 million yuan, marking the lowest point in nearly seven years and a year-on-year decline of 36.69%. Furthermore, CloudWalk has experienced losses for eight consecutive years, with a net loss of approximately 696 million yuan in 2024, an increase of 8.12% compared to the previous year. The cumulative losses now exceed a staggering 4.579 billion yuan.
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