Lightricks to split into two companies as it cuts another 75 jobs
Summary
Lightricks is splitting into two companies while cutting 75 jobs in another major restructuring move. The company will separate its profitable Facetune business from its AI video unit, LTX, as AI-generated tools reshape the market. Facetune will keep funding LTX for now, while LTX shifts toward an enterprise licensing model that runs on customer infrastructure to reduce compute costs. The company says LTX is already generating tens of millions of dollars in annualized revenue from licensing, mainly from large tech and Fortune 500 customers.
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Web and Content Management
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AI Software
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Lightricks
$50M to $100M