While AI dominates the layoff narrative, engineers are actually making up a larger share of new hires, according to SignalFire data.
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.
Rivian laid off hundreds of workers on Tuesday, or less than 2% of its workforce, just one week after it began deliveries of its all-important R2 SUV.
The electric automaker confirmed the cuts hit its service and customer teams, which include sales and…
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.
The company is reducing its workforce as it exits 22 countries, reduces management layers, and invests in its infrastructure to scale its platform.
“CEOs are uniquely prone to AI psychosis,” Box CEO Aaron Levie opines. Maybe that explains the almost religious belief in AI productivity gains.
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.
This is Cisco’s latest layoff in recent years, while the company’s chief executive touts record revenue and growth.
Some of the positions focus on AI-native development, data engineering and analytics, cloud-based engineering, and agent and model development as well as prompt engineering and new AI workflows.
Some found out they didn’t qualify for WARN Act protections like two-months notice because the company had classified them as remote workers.