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Tags: layoffs
Displaying 20 matched reports from our global database.
Patreon Lays Off 20% of Workforce Amidst Market Shifts and AI Transformation
Patreon's CEO, Jack Conte, announced a significant round of layoffs, citing the need to adjust the company's cost structure and respond to market changes driven by AI. The layoffs affect 93 employees, or 20% of the workforce.
Tech CEOs Are Suffering from AI Psychosis, Says Box Founder Aaron Levie
Tech executives are prone to overestimating AI's capabilities, leading to unrealistic expectations and chaos in the industry. Box founder Aaron Levie warns that CEOs need to understand AI's limitations and potential before adopting it.
Cloudflare Cuts 1,100 Jobs, Attributes Layoffs to AI Gains
Cloudflare joins a growing list of tech companies reporting increased revenue alongside massive layoffs, attributing both trends to AI. The company's CEO, Matthew Prince, says AI has made employees 2-100 times more productive, leading to a 20% workforce cut.
GM Lays Off Hundreds of IT Workers to Hire AI-Savvy Employees
General Motors has laid off over 600 salaried IT workers in a bid to future-proof its technology division, with a focus on hiring employees with AI expertise.