Updated Mar 24
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IBM ties agent identities to short-lived credentials, with discovery still in preview
IBM’s TechXchange announcement separates generally available Agent Identity, Vault 2.2 and Orchestrate evaluation from preview discovery and containment. The identity product’s earlier availability notice is dated October 26.
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GitLab Cuts 14% of Staff in AI Pivot Despite Record 264 Million Revenue
GitLab is cutting 350 jobs and exiting 22 countries in a sweeping AI restructuring, even as the company reports $264 million in quarterly revenue with 23% growth. The move signals that even profitable dev-tool companies are reallocating resources toward AI-native features as agentic workloads reshape the developer landscape.
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Tech Layoffs Top 123K in 2026 as May Hits Worst Month in Two Years
US tech companies announced 38,242 job cuts in May 2026 — the industry's heaviest month of reductions in nearly two years. Year-to-date numbers have crossed 123,000, driven by AI adoption restructuring rather than post-pandemic correction. Meanwhile, companies like T-Mobile are opening offshore tech hubs while cutting domestic staff.
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