Monday.com is the latest tech company to blame AI for layoffs — here are 20 others
A running look — in reverse chronological order — at the bigger tech companies that have announced significant layoffs this year with AI as a stated factor.
Layoffs
AI was supposed to kill engineering jobs, but new data suggests they’re the most resilient
While AI dominates the layoff narrative, engineers are actually making up a larger share of new hires, according to SignalFire data.
Robinhood’s note on 10% layoffs shows blaming AI isn’t cutting it
Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood’s CEO Vlad Tenev conspicuously made no mention of AI in his note about layoffs.
As OpenAI files for IPO, Sam Altman’s eye-scanning company is doing layoffs, report says
Tools for Humanity, Sam Altman’s identity verification company, is reportedly struggling to generate revenue and will downsize its staff.
GitLab cuts 14% of staff as it scales its platform to serve AI workloads
The company is reducing its workforce as it exits 22 countries, reduces management layers, and invests in its infrastructure to scale its platform.
Tech CEOs are apparently suffering from AI psychosis
“CEOs are uniquely prone to AI psychosis,” Box CEO Aaron Levie opines. Maybe that explains the almost religious belief in AI productivity gains.
Intuit to lay off over 3,000 employees to refocus on AI
In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company’s corporate structure, and deliver better AI products.