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Project management software company ClickUp laid off 22% of its workforce, replacing hundreds of employees with roughly 3,000 internal AI agents in what CEO Zeb Evans called “a full embrace of AI-driven productivity.” Evans announced the cuts on X, framing them not as a cost-cutting measure but as a structural transformation. Remaining employees now direct AI agents to handle complex tasks and review their output rather than performing the work themselves. Evans described his goal as turning ClickUp into a “100x org.”The company, last valued at $4 billion in 2021, recently deployed the 3,000 AI agents across internal operations. Evans...

How Meta announced its latest round of 1000s of layoffs.

She was “praying to Poseidon” that she’d get laid off. But on Wednesday morning, as thousands of her Meta colleagues found out they’d lost their jobs, the app designer was disappointed to find she still had hers. She’s now one of just two survivors on her team, left behind to navigate Meta’s shift to AI. “Thinking about what the company will be like after the layoffs depresses me more than thinking about getting laid off,” she said, asking for anonymity. “Nobody wants to stick around for that.” Hundreds of Meta employees in the Bay Area woke up early Wednesday to...

CNBC compiled a list of 23 S&P 500 firms across multiple sectors and industries to see how their stocks fared following layoffs linked to AI. As of May 15, 13 of those companies, or 56%, have traded in the red from the time of their layoff announcements. Of the companies whose shares fell after their AI-linked layoffs, the average decline was about 25%. Some of the companies that have seen their shares sink after slashing head count to embrace AI include Nike, Salesforce and Fiverr. Artificial intelligence has ushered in a bull run in stocks that has taken the broader...

The launch of ChatGPT in 2022 ignited the artificial-intelligence boom—and elicited a chorus of warnings from AI bosses of an impending jobs apocalypse. Never mind that they have reason to talk up the disruptiveness of their products, or that rich-world employment is near all-time highs—the dark message has landed. Seven in ten Americans think AI will make it harder for people to find work; nearly a third fear for their own jobs. A dearth of openings for college graduates—especially computer programmers—amplifies the dread. The past offers some solace for the anxious. Labour markets constantly change. Today’s offices would be unrecognisable...

General Motors quietly laid off about 500 to 600 employees this week in a sweeping global shakeup that reportedly blindsided workers with unsettling emails, abrupt virtual meetings and growing fears that artificial intelligence is reshaping the automaker’s workforce. Many of the affected employees — largely IT workers in Michigan, Texas and other locations around the globe — learned their fate during brief meetings that some workers described as cold and scripted. “No appreciation or empathy. No questions. Nothing,” one laid-off employee who spent more than a decade at GM told CNBC. “GM is transforming its Information Technology organization to better...

Coinbase chief executive Brian Armstrong informed employees in an early morning message Tuesday that the cryptocurrency exchange would eliminate roughly 14% of its workforce — about 700 jobs — as the company restructures around artificial intelligence. Armstrong shared the memo publicly on social media shortly before 7 a.m., telling staff the cuts were necessary as AI rapidly reshapes how work is done across the tech industry. The billionaire co-founder said impacted employees would receive additional details within the hour, though some workers later said their access to company systems had already been limited by the time the email landed. “I...

The Labor Department said Thursday that U.S. initial unemployment claims totaled 189,000 for the week ending April 25, down 26,000 from a revised prior-week figure of 215,000. That is the lowest reading in more than 50 years, according to The Associated Press, citing research firm High Frequency Economics, which said the figure was the fewest new applications since September 1969. Analysts had projected 212,000 applications for the week, according to Bloomberg. At 207,500, the four-week moving average — a measure designed to reduce week-to-week volatility — was 3,500 below the previous week's revised figure. For the week ending April 18,...

If AI displaces human workers faster than the economy can reabsorb them, it risks eroding the very consumer demand firms depend on. We show that knowing this is not enough for firms to stop it. In a competitive task-based model, demand externalities trap rational firms in an automation arms race, displacing workers well beyond what is collectively optimal. The resulting loss harms both workers and firm owners. More competition and "better" AI amplify the excess; wage adjustments and free entry cannot eliminate it. Neither can capital income taxes, worker equity participation, universal basic income, upskilling, or Coasian bargaining. Only a...

Hollywood Decline: Sony Pictures Set to Lay Off Hundreds Signage for Sony Group Corp. displayed at the CP+ Camera and Photo Imaging Show in YokohamKiyoshi Ota/Bloomberg via Getty Images Warner Todd Huston8 Apr 2026140 3:25 Sony Pictures Entertainment is reportedly set to lay off hundreds of employees across its TV, film, and corporate offices as Hollywood continues to contract. According to Variety, one of the top layoffs will be that of Colin Davis, EVP of Comedy Development. Sources tell the paper that the layoffs are not “cost driven” but are “targeted and strategic” and are an effort to reorganize for...

Dive Brief:* Artificial intelligence was the leading cause of U.S. layoffs announced in March, accounting for roughly a quarter of the total, outplacement firm Challenger, Gray & Christmas said in a report Thursday. * Overall, U.S. employers announced 60,620 job cuts last month, a 25% increase compared with February, the report found. The month’s total included 15,341 layoffs attributed to AI. * “Companies are shifting budgets toward AI investments at the expense of jobs,” Andy Challenger, chief revenue officer at the Chicago-based firm, said in the report. “The actual replacing of roles can be seen in technology companies, where AI...

As thousands of Oracle employees awoke on Tuesday to an email informing them they were being laid off, the workers likely didn’t know the tech company had been busy trying to hire foreign staff. According to U.S. Citizenship and Immigration Services data, Oracle filed for roughly 3,126 petitions to employ H-1B workers in fiscal years 2025 and 2026. Employers must submit the paperwork when seeking to hire foreign workers in specialty occupations like technology. Some 436 of those petitions were filed this year alone. Amazon, which in January said it would axe 16,000 corporate employees, has filed for some 2,675...

...“Only the Appointments Clause or the Vacancies Act’s exclusive structure may authorize service as a principal officer, and Lake satisfies the requirements of neither the statute nor the Constitution,” US district court judge Royce C Lamberth wrote in the ruling....

Morgan Stanley is laying off about 2,500 employees, despite reporting record revenue last year. The banking giant is planning to cut about 3 per cent of its global workforce across its investment banking and trading, wealth management and investment management divisions. The lay-offs were first reported by The Wall Street Journal. Many of the job cuts were said to have taken place on Wednesday, and were tied to both shifting business and location priorities and individual performance. The lay-offs come after Morgan Stanley reported record annual revenue last year of $70.65 billion, up 14 per cent on the previous year,...

The number of Americans filing new applications for unemployment benefits fell more than expected last week, consistent with a stabilizing labor market. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 206,0000 for the week ended February 14, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. Last week's drop marked a signficant decline in claims since they jumped to 232,000 at the end of January. The number of people filing new claims fell to 206,000 in the most recent week. Minutes of the Federal Reserve's January 27-28...

A New Report Says AI Layoffs Are Backfiring and Half of Companies Will Start Rehiring, Organizations are starting to come to terms with the limits of AI. Businesses and workers are actively adopting artificial intelligence tools to automate various workplace tasks and boost their productivity in the process, surveys indicate. Still, managers should probably think twice about using the tech to replace employees anytime soon. Many companies that have swapped people for chatbots will be reversing course and hiring cut staffers back before long, according to top consultancy Gartner. Recent studies have captured the significantly increased pace with which workplaces...

About a quarter of “CBS Evening News” staffers eligible for buyouts have chosen the option ahead of impending layoffs under editor in chief Bari Weiss, The Post has learned. Eleven staffers opted for buyouts, which were only offered to non-unionized employees, a source with knowledge of the matter said Tuesday. They include at least six producers out of the show’s total of roughly 20, according to another source, who added: “Seems like people are jumping ship.” “It’s a lot of people,” a CBS insider said. The “Evening News” has over 40 non-unionized staffers, a source said. A CBS News rep...

The Washington Post Publisher and Chief Executive Will Lewis announced Saturday evening he would depart after just two years at the paper, a tenure marked by controversy and crisis.Lewis called his time "two years of transformation" in his resignation note, but it was defined by turbulence rather than a clear path, and it ended with brutal job cuts. The paper's chief financial officer, Jeff D'Onofrio, will serve as acting CEO. More than a third of the newsroom was laid off Wednesday after Lewis' promises of radical innovations failed to staunch several years of annual losses in the tens of millions...

Amazon founder Jeff Bezos didn’t really buy the Washington Post to keep democracy out of darkness or whatever, he bought it to build influence and decided that the Resistance branding was poison in the post-woke era of the second Trump administration. His staff doubled down. So he tried bringing in editors and people from conservative British papers and Washington Post staffers worked to sabotage them. The ongoing battle over the Washington Post between its actual owner, Jeff Bezos, the 2nd wealthiest man in the world, who paid $250 million for it, and the staff, show that, at least when it...

The Washington Post announced widely expected, significant layoffs on Wednesday, with entire departments being shuttered in what the company is calling a "significant restructuring." On a webinar with Post employees who were asked to stay home, executive editor Matt Murray announced a significant headcount reduction. The Post is shuttering the sports desk in its current form, dialing back its international footprint, making Metro more "nimble and focused" and eliminating Books. A third of the company has been affected, Fox News Digital has learned. "The Washington Post is taking a number of difficult but decisive actions today for our future, in...