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.
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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.
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AI | Enterprise
Microsoft lays off nearly 5,000 employees across Xbox, commercial sales
Microsoft cut around 4,800 roles, or 2.1% of its global workforce, on Monday — the latest in a series of layoffs that’s stoking fears of AI replacing jobs. The layoffs will hit Xbox and commercial sales the hardest.
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AI | Enterprise
Monday.com lays off hundreds to focus on AI
The company said it is reducing its headcount by 20%, or about 630 staff, to “support a leaner, more focused operating model” as it focuses on its AI Work Platform.
