The other side of the AI boom
29 stories · 17–24
LayoffReported link
Canva
Canva chief executive Melanie Perkins told staff that 1,271 people, 22% of the company, will be laid off, asked to relocate, or moved into different roles. The BBC reports the company's value has fallen over concerns about AI's effect on the business and the cost of building the technology into its products.
LayoffCompany stated
Virgin Media O2
Virgin Media O2 said job cuts will supply £300m of an £800m savings plan, and that the losses could reach 25% of its 16,000 employees. The company told The Guardian it will use more AI in customer service, network planning, and fault management, with most of the losses in roles that do not face customers.
LayoffCompany stated
SUSE
SUSE chief executive Dirk-Peter van Leeuwen told about 1,900 employees that roughly 10% of roles are being cut. In the memo, he said automation and AI are changing how a software company operates, and that some existing roles are no longer needed.
LayoffCompany stated
Barclays
Barclays said in a quarterly report that it is looking to cut 5,000 jobs, about 5% of its workforce. About 60% of those cuts sit in support functions, including developers, and the bank described the effort as simplification and technology change driven by AI.
LayoffReported link
Microsoft
Microsoft said it would cut 4,800 jobs, about 2.1% of its workforce, and overhaul Xbox, including a plan to divest up to five studios. Chief people officer Amy Coleman told employees the eliminated roles are not being replaced by AI, and that AI is still changing how the work gets done.
LayoffFunding shift
Cisco
Cisco said it would cut under 4,000 jobs, about 5% of the workforce, on the same day it reported record third-quarter revenue amid demand for its AI infrastructure. Chief executive Chuck Robbins told staff the winners in the AI era will keep shifting investment, and that this round of cuts was one of those hard decisions.
LayoffReported link
Amazon
Amazon said in January that it was cutting 16,000 jobs, and CBS News reported that the memo to employees did not mention AI. In 2025, chief executive Andy Jassy had written that investing in AI agents would mean fewer people doing some of today's jobs and more people doing other ones.
LayoffCompany stated
Block
In February, Jack Dorsey told shareholders that Block will shrink from around 10,000 employees to 6,000 because the company's AI tools are speeding the work. CBS News carried the letter in May, in a piece on companies pointing to AI as they cut jobs.