Jun 10, 2026
Salesforce Cuts Jobs for Third Time in Nine Months Despite $1.2B AI Revenue
Salesforce laid off employees for the third time in nine months, with cuts hitting teams tied to its Agentforce AI product. The layoffs come just one month after the company reported Agentforce annual recurring revenue surpassed $1.2 billion — a paradox that captures the tension between AI revenue growth and AI-driven job displacement.
Dec 26, 2024
Lilium Flying Taxi Dreams Crash: Startup Goes Bankrupt, Laying Off 1,000 Employees
In a shocking turn of events, German flying taxi startup Lilium has announced its shutdown, laying off 1,000 employees after failing to secure necessary funds. The ambitious startup, known for its innovative VTOL aircraft, struggled to bring its vision to life. Despite raising $1 billion and going public via a SPAC merger in 2021, financial hardships proved insurmountable. The industry's broader challenges, including complex regulatory frameworks, have come to light with Lilium's downfall.
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Jun 8, 2026
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.
Jun 5, 2026
Google Cloud Quietly Lays Off Cybersecurity Teams as AI Investment Takes Priority
Google has laid off employees across its Cloud division's cybersecurity units, including the Threat Intelligence Group and Mandiant teams, as it redirects resources to AI. The cuts are part of a broader industry trend of security teams being shrunk while AI spending surges.
May 27, 2026
Meta Cuts 8,000 Jobs as Zuckerberg Bets 145 Billion on AI
Meta laid off 8,000 workers — 10% of its workforce — last week as CEO Mark Zuckerberg redirects up to $145 billion toward AI infrastructure. The cuts hit software engineers hardest in the Bay Area and Seattle, and 6,000 open roles were scrapped. More layoffs are expected in August and fall 2026.