#ai

4 places you want to be…

Cisco announced another wave of mass layoffs this week. The company plans to cut fewer than 4,000 jobs. This amounts to less than 5% of its total workforce. This decision comes despite Cisco reporting a record revenue of $15.8 billion. The company is shifting investments toward artificial intelligence.

San Jose, California

https://www.sfgate.com/bayarea/article/cisco-layoffs-bay-area-22257875.php

is it just me or do people have mass selective blindness !!

this was on the latest BOD meeting vote ...sent to all qcom employees and shareholders:

Oklahoma Tobacco Settlement Endowment Trust(TSET) was requesting QCOM release a report about our exposure and biz in china .....what was the recommended vote from the board??

AGAINST !!!

TSET is one of our biggest shareholders btw.....so our own shareholders are suspicious and demanding critical info about the company health....and our board recommends the voters to vote AGAINST it......ain't that in and of itself ....SUS ?!?

looking forward to the AI hype train .....just like i did to the compute X elite one !

Qualcomm’s CEO is working with ‘pretty much all’ major AI players on top-secret devices—and powering OpenAI’s first push into hardware

https://finance.yahoo.com/sectors/technology/articles/qualcomm-ceo-working-pretty-much-102600275.html

All AI heavyweights are traveling on Air Force One since yesterday.

Cisco's true job is laying off Americans and hire cheap labors at India and Mexico

Reading between the lines: companies should accelerate their use of AI to streamline [Read: reduce headcount] their organizations.

Arvind Krishna says the key to unlocking returns on AI is less about technology alone than a wholesale shift in the way companies approach their workflows

By: Steven Rosenbush
Updated May 5, 2026 3:33 pm ET

International Business Machines CEO Arvind Krishna says maximizing returns on investment in artificial intelligence requires a fundamental restructuring of business workflows rather than just adopting new technology.

The use of AI within a company typically evolves from the individual contributor to small teams, cross-functional groups and ultimately the entire organization. As a company progresses from one stage to another, so do the potential returns on AI investment. That’s less about technology alone than it is about updating age-old processes and social dynamics, according to Krishna.

“In the next year or two, the enterprise world will sort into two camps: companies where AI runs their business, and companies where AI is still a project,” Krishna said.

The line between those companies that make broader use of AI and those that don’t won’t simply come down to technology. “It will be their operating model,” Krishna said.

IBM on Tuesday at its Think conference in Boston announced a slew of products and capabilities, including a new version of watsonx Orchestrate, a secure multiagent control plane, and IBM Bob, for securely building and deploying agents.

While model developers are competing to stay one step ahead of each other, IBM is approaching AI from a different angle, helping its clients scale their AI efforts. AI is a core part of the technology giant’s strategy.

Last month, IBM reported higher first-quarter revenue of $15.92 billion and higher profit, driven by growing adoption of artificial-intelligence tools. While the numbers were ahead of expectations, the stock price fell. To some extent, that reflects the fact that IBM has been caught up in broader AI-driven concerns about software, but Ben Reitzes of equity research and consulting firm Melius Research has a buy rating on the company. “I’m excited…to see their AI-related business come of age,” he said.

Client zero

The use of AI at many companies began in earnest in recent years with proofs of concept. The experimentation stage has led to the greenlighting of many projects. Now companies are looking to move to the next stage, or enterprisewide deployment of AI. That’s potentially more rewarding, but also much more complex from an organizational perspective.

Krishna cited the evolution of IBM’s internal human-resource processes as an example of the operating model behind enterprise-level scaling.

In the pre-AI era, Krishna said, if an employee requested an employment verification letter to support an apartment rental application, the workflow required up to 18 different human touchpoints, including a manager, an HR business specialist, back-office staff and multiple software systems.

Today, an employee can generate the letter by making a request to an internal bot called “Ask HR.” The AI agent, integrated into IBM’s security network, automatically verifies the employee’s identity, pulls the required data from the HR system and sends the letter. All the employee has to do is specify how the letter should be delivered. The 18 touchpoints have been reduced to just one, according to Krishna.

To enable AI to scale across the enterprise, processes need to be redesigned end to end, according to Krishna. IBM’s Project Bob, as the initiative was known internally before it became a product, was designed to manage the entire software development life cycle, from writing new code to patching old code, generating documentation, creating test cases and ensuring security compliance, he said.

“I don’t begin with eliminating steps. I begin with how many touch points can I take out? And how can I make it much more nimble and faster and end-to-end? That’s the goal. Out of that comes the fact that you should eliminate steps,” Krishna said.

If people lose their jobs as a result, “I get to redeploy them, to do something else of more value,” Krishna said.

IBM has made progress rethinking its operating models, but more work lies ahead.

The hard part

Elevance Health Chief Digital Information Officer Ratnakar Lavu said AI is transforming the way the insurance giant works. The company, a longstanding IBM customer, is working with IBM to deploy AI-driven digital assistants. IBM said it is also one of the providers that helps Elevance with AI applications such as claims and approvals. Elevance works with other AI companies on a range of applications, too. For example, it has also rolled out an internal, OpenAI-powered tool called “Spark” to help its workforce operate at peak productivity. And it applies AI to the claims and approvals process.

Through a virtual assistant, the insured can ask complex questions about their benefits, such as whether knee pain treatments are covered, and receive instant, cost-optimized provider recommendations, according to Lavu.

Like Krishna, Lavu said the successful deployment of such AI applications demands a careful recalibration of business processes across the firm. In his experience, that effort requires a deep collaboration between business and technology teams. And instead of thinking about the work as an IT project, the insurer is focused on the end-user experience. Rigorous AI governance that integrates bias testing, transparency and explainability are part of the effort from the start. As solutions are built and deployed, a parallel governance process takes place, making sure they perform ethically and within strict enterprise guidelines, Lavu said.

There are plenty of challenges along the way. Official documentation hardly ever matches the reality of how work is actually done. Businesses are bogged down by deeply embedded business rules and legacy systems. And redesigning a process with AI requires establishing entirely new checks and balances to ensure the effort doesn’t inadvertently skew key performance indicators or lead to unintended outcomes, Lavu said.

Those redesigned processes need to be connected to one another, too. For example, he said, the newly redesigned prior authorization process must continuously communicate with the newly redesigned benefits process. Only by connecting such end-to-end workflows can a company streamline operations, eliminate bottlenecks and see the full realization of AI investments, according to Lavu.

And while Elevance is seeing significant success and clear ROI in the redesign of the individual process around AI, the company “still has work to do in the connectivity of processes to see the net outcome.”

That’s the end-to-end connectivity approach driving IBM’s work. And while IBM has made progress rethinking its operating models, more work lies ahead, according to Krishna.

“I think it’s early days. We’re only a third of the way through what can be done,” he said.

Cisco to cut about 4,000 jobs in AI-focused restructuring as orders surge

• (Reuters)
• Reuters reports that Cisco will cut nearly 4,000 jobs in a restructuring to shift investment toward AI and related growth areas while raising its annual revenue forecast after a surge in hyperscaler orders.

  https://www.reuters.com/technology/cisco-raises-annual-revenue-forecast-2026-05-13/

Read the memo: Cisco to cut about 4,000 jobs in AI-driven restructuring

• (Business Insider)
• Business Insider publishes Cisco CEO Chuck Robbins' memo and reports that the company will cut fewer than 4,000 jobs while redirecting investment toward AI chips, fiber optics, and security.

  https://www.businessinsider.com/cisco-announces-4000-layoffs-ai-driven-business-shift-2026-5

Cisco To Cut Nearly 4,000 Jobs In Restructuring Push Around AI, Security

• (CRN)
• CRN reports that Cisco will notify most affected employees starting May 14 as it cuts fewer than 4,000 roles and reallocates resources toward AI, security, silicon, optics, and quantum networking.

  https://www.crn.com/news/networking/2026/cisco-to-cut-nearly-4-000-jobs-in-restructuring-push-around-ai-security

Bay Area tech giant Cisco to cut thousands of jobs after record revenue

• (SFGATE)
• SFGATE reports that San Jose-based Cisco will cut fewer than 4,000 jobs after record quarterly revenue and notes that California had not yet received a WARN filing as of Wednesday.

  https://www.sfgate.com/bayarea/article/cisco-layoffs-bay-area-22257875.php

Cisco to Shed Jobs for All-In AI Push

• (The Wall Street Journal)
• The Wall Street Journal reports that Cisco plans to eliminate fewer than 4,000 jobs this quarter to move more resources into silicon, optics, security, and AI.

  https://www.wsj.com/business/earnings/cisco-to-cut-jobs-in-shift-to-capture-more-ai-demand-b99eeb21

Cisco to cut jobs so it can invest more in AI, and the stock rockets toward a record

• (MarketWatch)
• MarketWatch reports that Cisco plans to lay off fewer than 4,000 employees and record up to $1 billion in restructuring charges as it increases AI-related investment.

  https://www.marketwatch.com/story/cisco-to-cut-jobs-so-it-can-invest-more-in-ai-and-the-stock-rockets-toward-a-record-cf9d09a9

Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan

• (Bloomberg)
• Bloomberg reports that Cisco shares rose after the company announced a stronger-than-expected sales forecast and a restructuring plan tied to thousands of job cuts.

  https://www.bloomberg.com/news/articles/2026-05-13/cisco-gives-better-than-anticipated-forecast-plans-to-cut-jobs

Cisco Earnings and Revenue Beat Estimates on Strong AI Demand. Its Shares Surge.

• (Barron's)
• Barron's reports that Cisco beat earnings expectations and announced roughly 4,000 job cuts as part of a restructuring tied to AI-driven demand.

  https://www.barrons.com/articles/cisco-earnings-stock-price-f649ed14

Cisco Earnings, Revenue Beat As Stock Hits Record High Amid Strong AI Orders

• (Investor's Business Daily)
• Investor's Business Daily reports that Cisco's stock hit a record after strong AI orders and notes that the company announced layoffs of about 4,000 employees.

  https://www.investors.com/news/technology/cisco-stock-cisco-earnings-artificial-intelligence-q12026/

Cisco announces layoffs with Q3 results

• (Seeking Alpha)
• Seeking Alpha reports that Cisco announced it will let go of fewer than 4,000 employees in conjunction with its third-quarter results and AI-focused strategy.

  https://seekingalpha.com/news/4592518-cisco-announces-layoffs-in-conjunction-with-q3-results

Cisco CEO says reducing workforce in Q4 by fewer than 4,000 jobs

• (TipRanks)
• TipRanks reports Cisco CEO Chuck Robbins' statement that the company will reduce its workforce by fewer than 4,000 jobs in the fourth quarter while investing in AI, silicon, optics, and security.

  https://www.tipranks.com/news/the-fly/cisco-ceo-says-reducing-workforce-in-q4-by-fewer-than-4000-jobs-thefly-news

Cisco unveils $1B overhaul, about 5% job cuts after posting blockbuster Q3 results

• (Investing.com)
• Investing.com reports that Cisco announced a restructuring with about 5% job cuts and up to $1 billion in charges after strong third-quarter results.

  https://uk.investing.com/news/earnings/cisco-unveils-1b-overhaul-about-5-job-cuts-after-posting-blockbuster-q3-results-4676309

Cisco announces 4000 layoffs as Q3 earnings beat amid 'broad-based demand'

• (Yahoo Finance)
• Yahoo Finance reports that Cisco announced a restructuring plan to cut 5% of roles, or fewer than 4,000 jobs, alongside third-quarter earnings that beat expectations.

  https://finance.yahoo.com/markets/live/earnings-live-updates-cisco-announces-4000-layoffs-as-q3-earnings-beat-amid-broad-based-demand-103000342.html

CISCO REPORTS THIRD QUARTER EARNINGS

• (Cisco Investor Relations)
• Cisco's earnings release says the company announced a restructuring plan with up to $1 billion in expected pre-tax charges tied to severance, termination benefits, and other costs.

  https://investor.cisco.com/news/news-details/2026/CISCO-REPORTS-THIRD-QUARTER-EARNINGS/default.aspx

Team,

Today we announced our Q3 FY26 earnings with record revenue of $15.8 billion, up 12 percent year over year, and double-digit top and bottom-line growth. The ELT and I could not be prouder of the growth you have all delivered for Cisco.

These results are even more impressive given the complex environment we’re operating in - a rapidly changing market, with intensifying competition, and a global shortage of components critical to support our portfolio and the AI buildout from our customers.

The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest. I’m confident Cisco will be one of those winners. This means making hard decisions - about where we invest, how we’re organized, and how our cost structure reflects the opportunity in front of us.

With this, we are making changes today that will result in the reduction of our overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5 percent of our total employee base. Most notifications will begin on May 14 and continue globally in alignment with applicable local laws and regulations. For employees whose roles are impacted, leaders will share details directly - including timing, available resources, support, and benefits in each country. This will include pro-rated payment of FY26 bonuses to impacted employees. We will provide support in finding new opportunities, whether internal or external, through Cisco’s placement services - a program that has seen 75 percent of participants discover their next role. We are also committed to continued personalized learning and will provide one year of access to all Cisco U courses and certifications, covering AI, Security, Networking, and more.

While we are reducing roles in some areas, we are making clear, strategic investments - particularly in silicon, optics, security, and in our employees’ use of AI across the company. These investments are building from a position of strength - and focusing on the technologies and businesses that will accelerate our growth, deliver unmatched innovation to customers and partners, and define our future.

To those leaving Cisco, thank you for your contribution, your dedication, and the mark you have made on this company. We are deeply grateful and are committed to handling this transition with the care, clarity, and respect that defines our culture.

For those who will continue here, we will discuss these changes and answer questions at the Cisco Beat on May 21 at 8 a.m. PT.

We have important, impactful, and consequential work ahead. Your focus, resilience, and leadership are vital to our growth and relevance in FY27 and beyond.

Chuck and the Executive Leadership Team

Does Ford feel like they're ready to jump on this AI downsizing bandwagon? We are a tech company now.

What’s the magic word these days, strategy?

Because I have to ask, what actually makes a company great?

Is it the awards? The software? The return to office mandates? The endless systems and process changes that somehow make everything more complicated but never better?

Is it leadership that rebrands failure as transformation, then asks employees to trust the next pivot?

Is it accountability, or just accountability for everyone below a certain level?

Maybe greatness now means HR has enough time to monitor salaried employees’ attendance but not enough influence to protect institutional knowledge, experience, or morale.

And maybe AI really is the perfect corporate employee. It never pushes back, never says “this does not make sense,” and never reminds leadership that people actually matter.

But what is the strategy here? Not the slogan. Not the slide deck. The actual strategy.

Because from where a lot of employees sit, it does not look like a strategy. It looks like churn. New systems, new processes, new messaging, new priorities, every few months, while the people who know how the business actually works are treated like interchangeable parts.

A company is not great because it says it is. It is great when leadership knows where it is going, tells the truth about where it is, and respects the people who built the place before asking them to believe in the next transformation. Endless transformation isn't "transformation" it's chaos that drives poor quality, subpar results and unhappy employees.

Below nineteen it closed, a sad IPO echo,
Back to 2017, where the glory days go.
Pega verdict overturned—dreams dashed on the floor,
Yet they strut into NYC, begging for more.
Investor Day dawns with AI sparkle and spin,
Denial in full bloom: “We’re totally gonna win!”
No prudent path, no debt-payoff pause,
They’re buying back stock without good cause.
Double down, dear Appian, on that futile crusade—
Process and copium, the legacy parade!
The glory days over, the chart in full rust…
Tomorrow’s the show—enjoy the last thrust!

So many employees refused to learn AI skills and adjust.

Wouldn’t surprise me if they were monitoring token usage and decided LRs based on people not even trying to adapt and modernize their skillsets.

self-inflicted stupidity to not adjust to the future.

Page 14 - https://s21.q4cdn.com/812015656/files/doc_earnings/2026/q3/earnings-result/Q3FY26-Press-Release.pdf

On May 13, 2026, Cisco announced a restructuring plan in order to allow it to invest in key growth opportunities including
silicon, optics, security and AI. In connection with this restructuring plan, Cisco currently estimates that it will recognize pretax charges of up to $1 billion consisting of severance and other one-time termination benefits, and other costs. Cisco expects to
recognize approximately $450 million of these charges in the fourth quarter of fiscal 2026 with the remaining amount expected
to be recognized during fiscal 2027.

Spoke at length with some engineers who are working on this. They are "optimizing" the company memory to work with the Palantir AI program. When did we become beholden to American surveillance companies like this? When data leaks happen or when Palantir sells this data to third parties, this is going to bite SAP in the a$$.

Meta employees rallying to stop meta from tracking their work electronically to train AI. Unionization is definitely on the table and they are gearing up for a vote. Is the VZ AI certification just a cover and they are tracking us electronically? We won’t hear about it from Dan because all hands proves zero information.

https://www.techradar.com/pro/meta-workers-revolt-against-mouse-tracking-technology-flyers-ask-if-they-want-to-work-at-the-employee-data-extraction-factory

A new study investigated the financial impact of AI-driven layoffs. Eighty percent of surveyed executives admitted to reducing staff for AI investments. These companies saw no greater financial gains than those retaining employees. Many sacrificed institutional knowledge and goodwill without detectable returns. Companies using AI to amplify employee efficiency achieved the most significant gains.

https://futurism.com/artificial-intelligence/layoffs-ai-automation-backfire

Cloudflare plans to cut 224 jobs at its San Francisco headquarters. These layoffs are scheduled to take effect this Friday. This local reduction is part of a larger global restructuring. The company previously announced over 1,100 worldwide job eliminations. Cloudflare stated the changes are for the "agentic AI era," not cost-cutting.

San Francisco, California

https://www.sfchronicle.com/tech/article/cloudflare-san-francisco-layoffs-22255580.php

A Gartner study challenges the expected profits from AI-driven layoffs. Many organizations reducing staff with AI found little direct return on investment. The research surveyed 350 large global enterprises. Strongest AI returns came from enhancing employee productivity, not eliminating workers. Companies often underestimate hidden costs and the need for human oversight.

Ann Arbor, Michigan

https://mitechnews.com/artificial-intelligence/ai-layoffs-may-not-be-delivering-the-payoff-ceos-expected-gartner-study-finds/

As SAPPHIRE '26 wraps up, look for merch and rebranding swag being given away. The company is now SAIP! All in on AI.

A yet still weirder acronym than SAP ... so I checked on its meaning:

Systems Acquisition and Implementation Program?
Substance Abuse Intervention Program?

God, I miss J White's marketing genius.

LinkedIn plans to cut about 5% of its global workforce. This reorganization will eliminate approximately 875 positions. The company aims to shift focus toward growing business areas. AI automation is not the reason for these specific headcount reductions. Microsoft, LinkedIn's owner, has also made recent workforce reductions.

https://qz.com/linkedin-layoffs-workforce-reduction-reorganization-051326

• General Motors employees who were laid off Monday described their job terminations to CNBC.
• The layoffs affect about 500 to 600 employees, largely in information technology roles in Austin, Texas, and Warren, Michigan, according to a person at GM familiar with the layoffs.
• Artificial intelligence played a role in the decision, but it was not the only reason for the terminations, the person said.

https://www.cnbc.com/2026/05/12/gm-layoffs-ai-severance.html

As an academic looking at industry, it appears that Chevron’s attendance of petrotech science meetings is way down the last few years. Does this reflect a shift in focus to other technologies (AI?), or just a declining investment in R&D and staff development?

Do you know that an average German employee has to work around 360 years only to make an equivalent of what Christian Klein gets as a bonus in a year?

Shocking, isn’t it?

But not really.

In most companies, executive bonuses are a fraction of their salary unless they have a very good year. At SAP, executive bonuses are several times their salaries even with drastic drops in the share price and losing shareholder confidence.

Such high bonuses are made possible because of a supervisory board that prefers to give more money to the board and group executives over actually giving more value to shareholders. Since CK joined the board, there has been a tremendous push to increase executive bonuses and reduce employee bonuses.

There was a proposal to pay executive bonuses in RSUs so their remuneration is based on their performance. But it was shot down by them.

Sales have been trying to get more European government contracts but we’re losing them instead because CK is forcing governments to use Palantir and American cloud companies and they don’t want that.

Product and Engineering has been trying to bring all SAP products together to create a seamless end user experience. But they’re asked to stop and instead put customer data in a memory which is accessible to chatbots from American companies in the name of AI.

Engineers have been learning new skills to be better at their work but they are told that being an expert is no good and the only way to grow is by getting on a management track.

Customers are asking for important features in core SAP products and they are told that they should focus on AI slop instead because it’ll be easier for them to lay off their own employees with the help of SAP.

Employees are just asking for fair salary increases and basic human respect. But executives are treating them as dental plaque that needs to be removed with each cleaning. And executives are doubling down to keep them in fear of losing their livelihoods because it’s fun for them.

Shareholders are asking for SAP to have a decent realistic product roadmap and sustainable growth. But instead, they are getting more bull excr-ment called autonomous enterprise which is just frankly bad marketing. And they’re being blamed for not being open to innovation when the share price falls.

We’ve truly reached an interesting age of capitalism where a handful of people who have many times the wealth necessary for a lifetime are exploiting hard working people so they can amass even more wealth.

Their biggest enablers are the supervisory board and group executives and CK fanboys. Stop supporting these freaks.

What can we do to stop this transfer of wealth from shareholders to the pockets of these executives?

Hi folks! I applied and landed an interview for an AI position. The hiring manager seems excited after our interview. What should I expect if hired? I was happy until I read some of these posts..but now I’m scared

For the last couple of months i've spent time following trainings, learning how to build agents etc but Eliza just isn't delivering. Copilot on the other hand is far simpler to use and gets me what i need without giving me a migraine.

Part of IT Marketing & Sales. We just have way too many people doing nothing. Everyone just acts they are super busy but there is no real work. All of our code is written by AI now and everyone on my team is H1B. If GM was able to layoff 500-600 people then we could probably do some clean up across Ford. Design, Development, Testing is all driven by AI and yet I don't understand why we are hiring like it is 2018. One of the best engineer on our team left recently and we are operating in chaos. Leadership thinks they are right and do not listen to team members. Its pure CHAOS!!!

What's everyone's thoughts on being pushed to participate in Copilot usage programs? Seems like we are being asked to train the AI before the next RIF while being offered "space exploration stickers for our logbooks" for our participation. I am not kidding.

What does the agency footprint look like? Fewer agents? Far less support staff? AI self serve?

How long do Americans have left before AI, offshore workers and H1B visas take the last of the jobs left?

I am expecting more layoffs. I have no insider info. I feel that they are going to keep pushng in the same direction. This means job cuts.

Lookat the stock price. It has gone up several times over since 2023, and guess what else started happening around then? The employee count began dropping hard. That is not a coincidence.

The stock price is what they are watching. it's not our frustration stress & complaints. Not our objections to RTO. Not 100s of posts about loyalty. Nah, not workload too. None of that matters when the number they care about keeps moving in the direction they want.

And now they are starting to believe AI can make human labor worth less than it is today. I hope that is wrong. I really do. I am almost certain it will not. But it sure feels like that is where this is headed.

How much is the company paying for using codex and other AI tools? If the bill is high, it will impact the margin. A large layoffs can not be avoided.

New Jersey Expansion public information: WARN notices in New Jersey affect 141 employees, with separations scheduled between May 21 and June 14, 2026, as part of an AI automation and restructuring strategy.

Commerzbank announced plans to eliminate 3,000 positions. This move is part of its "Momentum 2030" strategy. The bank will invest Euro 600 million in artificial intelligence. These efforts aim to boost profitability and defend against a UniCredit takeover bid. Commerzbank reported a first-quarter net profit of Euro 913 million.

https://www.latestly.com/business/commerzbank-layoffs-germany-based-bank-to-cut-3000-jobs-in-major-pivot-to-defend-against-unicredit-takeover-7423939.html/amp

DeepL announced plans to cut approximately 25% of its workforce. This reduction affects about 250 employees. CEO Jarek Kutylowski cited a massive structural shift from artificial intelligence. The Cologne-based company develops AI translation tools. DeepL aims for fewer layers and faster decisions with this change.

Austin, Texas

https://www.msn.com/en-in/money/news/layoffs-google-translate-rival-deepl-announces-plans-to-cut-25-of-staff/ar-AA22ANSi

Freshworks will cut 11% of its global workforce, approximately 500 jobs. This decision is partly due to rapid advancements in artificial intelligence. CEO Dennis Woodside stated AI now writes over half of the company's code. Automation has reduced routine tasks across various departments. The company expects about $8 million in one-time restructuring charges.

https://www.msn.com/en-in/money/topstories/freshworks-layoffs-company-to-cut-500-jobs-ceo-dennis-woodside-explains-why/ar-AA22u4Z5?uxmode=ruby&apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Nearly 38,000 US jobs were cut in the first 10 days of May 2026. This affected sectors like technology, finance, and aviation. Spirit Airlines ceased operations, impacting 14,000 employees. Many companies cited AI-driven restructuring and cost reduction plans. Kyndryl, PayPal, and Cloudflare also announced significant workforce reductions.

https://americanbazaaronline.com/2026/05/10/us-layoffs-in-first-10-days-of-may-2026-nearly-38000-jobs-cut-480502/

Kyndryl restructuring should reduce overhead functions and reduce the number of managers that lack technical knowledge
Of the various systems they try to manage.
All chiefs and no Indians will cause the company to collapse.
Ai can identify various areas that can be improved as long as there is a team to analyze the data.

Don't ask me how. I know we are close and list is ready. Expect 20-40% cuts in few products.

Cloudflare on Thursday joined a growing list of tech companies — including Meta, Microsoft, and Amazon — that have reported increased revenue alongside massive layoffs, attributing both trends to their use of AI.

https://techcrunch.com/2026/05/08/cloudflare-says-ai-made-1100-jobs-obsolete-even-as-revenue-hit-a-record-high/

Cool. Cool, cool, cool, cool, cool.

https://startupfortune.com/meta-is-turning-layoffs-into-fuel-for-its-ai-spending-race/