<img src="https://i.insider.com/69cbfd77c02a678bd7e4694f?width=700" alt="Jack Dorsey, Marc Benioff, Arvind Krishna">
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- Companies like Snap and Block cited AI as a factor in recent layoffs.
- Coinbase’s CEO said on May 5 that the company will cut 14% of its workforce, in part due to AI.
- Cisco announced about 4,000 layoffs on May 13, citing intensifying competition in the AI era.
- Summaries are generated by an AI model trained on Business Insider’s articles. AI may make mistakes or provide inaccurate/incomplete information.
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