tech
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.
TL;DR
- Monday.com is laying off about 20% of its workforce, attributing the restructuring to its "AI-driven growth strategy."
- Numerous tech companies, including Microsoft, Oracle, Meta, and Google, have announced significant layoffs, often citing AI as a factor in their strategic shifts.
- Companies that cite AI for layoffs have underperformed the Nasdaq, suggesting market doubt about the justifications.
- While some companies cut jobs, AI-focused firms like Anthropic and OpenAI are hiring rapidly, and some companies are shifting employees into new AI roles.
- The article lists several major tech companies and their layoff announcements linked to AI, detailing the scale and stated reasons for each.