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Meta laid off 8,000 employees (10% of its workforce) as part of a restructuring to focus on AI, with CEO Mark Zuckerberg warning that success in the AI race is not guaranteed. The company also moved 7,000 workers into AI roles and plans massive capital expenditures of up to $145 billion.
Intuit is laying off 17% of its workforce (over 3,000 employees) to redirect resources toward AI integration across its products like TurboTax and QuickBooks, reflecting a broader tech industry trend of restructuring around AI.
Meta cuts 8,000 jobs (10% of its workforce) as it shifts focus to AI, with employees being laid off in three waves and others reassigned to AI roles.
Meta employees are rushing to use up benefits and leaving offices ahead of mass layoffs, as the company restructures to prioritize AI investments, causing low morale and anxiety about AI's impact on jobs.
Meta reported record Q1 revenue of $56B but is cutting 8,000 jobs to fund a $145B AI infrastructure budget, highlighting tensions between profitability and AI-driven restructuring.
Cisco announces a reduction of fewer than 4,000 jobs (less than 5% of workforce) as part of a strategic shift toward AI, silicon, optics, and security investments, while detailing support for affected employees.
GitLab announces workforce reduction and organizational restructuring to pivot towards an AI-agent-driven software development strategy, reaffirming its focus on the Duo Agent Platform.
Linear has announced a workforce reduction driven by the adoption of agentic AI, clarifying that the cuts are due to role reimagining rather than performance issues.