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Apparently this, combined with tariff garbage, spooked the market. It is a long read but it helps explain some of investor sentiment right now. It seems like the markets are exceedingly twitchy.
https://www.citriniresearch.com/p/2028gic
And for those wondering about the credibility of Cintrini as a source of financial information, the piece got coverage in its very own front page segment in the WSJ today.
Not sure how many have heard of Project Converge, but it starts tomorrow. It is secretly tied to multiple initiatives in WAVE 2025 where we are marching towards significant staff reduction costs since Worldpay has merged into our organization. Drive of AI and Robotic Automation is extreme at this point. Will be a tough tough year. Good luck tomorrow.
Isn’t Ai great? Production reports but no evidence to prove or refute the claim.
Implementation got hit today. Got the dreaded ping this morning. Do they think that they will have AI up and running by October to handle peak? Will welcome calls be a thing of the past and handled by a chatbot? AI may be cheaper, but human connection is priceless. I missed my family during Thanksgiving and Christmas, but that's the beauty of AI, they don't have families, right, Dave?
So I and many other got laid off recently due to the company strategy to automate and replace with AI and failing that, outsource to India.
Considering so many large companies who regret their decision to lay off and replace with AI, you'd think this was thought out.
Nope. Got told outright that the company is willing to accept financial penalties for failure to meet contractual requirements, reputation damage and other losses. All because this is the strategy that Omar is steering the ship towards.
Fine ok. But zero communication or consultation with those affected. I'm not even talking about those who were let go, but those who remain and are expected to pick up the pieces.
No-one we work with knew, had any communication, etc.
Any pushback was met with silence and passing the buck to someone who is new (senior management Accenture replacement) and has no clue on the business. Which were met with corporate fluff, deception and being ignored.
Those of us let go were an average of 20 years each.
Some less. Some more.
When we tried over the last year to use AI as a tool, we would spend more time arguing with the hallucination it produced, than getting anything productive out of it.
But since we're now gone, there's nothing in place to replace us. Just that replacing with AI is the plan...
Absolute insanity!
https://fortune.com/2026/02/17/ai-productivity-paradox-ceo-study-robert-solow-information-technology-age/
Teams that have not begun deploying practical AI solutions for workflow automation, decision support, or cost optimization should expect increasing pressure to do so. Enterprise trends show AI initiatives are quickly shifting from optional innovation projects to core operational expectations tied to efficiency and budget discipline.
Waiting too long typically reduces a team’s ability to influence how AI is implemented. Instead of shaping use cases that fit their processes, they risk having centrally mandated tools introduced on compressed timelines.
Although current AI intake and governance processes may feel slow or overly complex, that friction is temporary. As organizations pursue measurable productivity improvements, broader and more standardized AI deployment is likely approaching. You have been warned!
Life will be so much better without all the belittling!!!
Denver-based Angi Inc. announced 350 layoffs this quarter. The company cited AI-driven efficiency improvements as the primary reason for these cuts. These reductions are projected to save Angi up to $80 million annually. Separately, the National Laboratory of the Rockies cut 134 employees. This was the lab's second round of layoffs in less than a year.
https://www.9news.com/article/money/business-brief/ai-layoffs-denver-economic-aftershocks-golden/73-4fa0ec3c-2fb9-484a-9cec-dd6b6feed6ea
“Lenovo is restructuring its Infrastructure Solutions Group (ISG) to sharpen its focus on AI server, storage, and edge computing, driven by a $285 million charge in Q3 FY25/26. This initiative aims to improve profitability, accelerate AI growth, and reduce annual costs by over $200 million within three years”…$200 mil in cost reduction over three years means a whole lot of us are going bye-bye.
This goes without saying, but everyone’s job is on the chopping block. They are hellbent on getting this AI stuff implemented ASAP. The most infuriating aspect is that these head honchos have NO CLUE about the technology, and they expect everyone to assist in their own demise. They know they want it, but they have no understanding of how it works. Now, these crybabies are complaining about security risks which Google poses AFTER they promoted that as one of the top reasons they are converting, besides “collaboration”. The next time your boss asks you to do something, say to them, “Let AI do it”. Then, when it gets it wrong, you can laugh in their faces and tell them to reap what they sow.
Yes, layoff happening replaced by AI.
Now Business Insider has learned that the layoffs didn't stop last month, as the company has quietly cut hundreds more jobs starting in February.
After noticing LinkedIn updates from several Salesforce employees, Business Insider sources confirmed widespread cuts, which they said involved fewer than 1,000 roles. Affected roles included marketing, product management, data analytics, and Salesforce's Agentforce AI generative AI product.
https://finance.yahoo.com/news/major-tech-firm-quietly-lays-033300885.html
People are really underestimating how much AI is driving job cuts. Salesforce reportedly used AI agents to lay off 5,000 employees across marketing, product management, data analytics, and even its own Agentforce AI division.
Layoffs are impacting the tech sector and other industries. Companies are simultaneously increasing investments in artificial intelligence systems. This trend is redefining productivity and staffing requirements across various businesses. Dow announced global job cuts linked to efficiency initiatives and AI use. Acrisure also confirmed layoffs due to AI-enabled systems.
https://mitechnews.com/artificial-intelligence/laid-off-tech-workers-are-asking-did-ai-really-take-my-job-and-what-that-means-for-michigan/
Artificial intelligence significantly impacts the American workforce. AI is cited as a reason for thousands of layoffs across various companies. Amazon, Dow, and Pinterest are among those cutting jobs due to AI. Conversely, demand for workers with generative AI skills is rapidly increasing. These AI-skilled roles offer significantly higher salaries than similar positions.
https://www.cbsnews.com/chicago/news/ai-job-market-workers-resume-hiring/
Don't you love it when leadership is proven wrong? Su-k it leadership team, you failed. Your d-mb strategy for laying people off isn't working and now you're sc--wed! Stock will take a dive
https://youtu.be/WfjGZCuxl-U
About 90,000 layoffs over the last 4 years -- both regular and silent irregular layoffs (Focus/PIP, RTT/RTH/RTO, voluntary buyouts, immediate termination w/o cause, etc.). And regretted attrition (around 40,000-50,000).
Is that going to reduce bureaucracy or does it simply increase the chance of outages? Why not just prune "management" layers instead of junior employees?
“The technology sector faces perhaps the most dramatic transformation. Indian IT services firms, which built empires on providing entry-level coding and testing services, now face existential threats to their business models. When AI can write, debug, and test code autonomously, offshore staffing advantages evaporate.”
Expect less investment and a never-ending headcount decline.
The current layoffs are continuing at the employee level, and there is a possibility that management-level layoffs may occur in the next round.
Oracle has no public sense. Oracle twitter posting says:
The NVIDIA-OpenAI deal has zero impact on our financial relationship with OpenAI. We remain highly confident in OpenAI’s ability to raise funds and meet its commitments.
Has the government done any analysis on the potential impact of AI-related layoffs with its rapid advancement over the next 5 years? I’m guessing around 75% of H1Bs may not be needed. When will the emphasis shift toward prioritizing US citizens and Permanent Residents?
It is happening in next 3 months. 18% to 23% cut this time and will be finalized.
Engineering will get hit real hard this time due to the cool off of AI.
Banker claims Oracle may slash up to 30,000 jobs, sell health unit to pay for AI build-out
https://www.theregister.com/2026/01/29/oracle_td_cowen_note/
ClawdBot (now OpenClaw over trademark issues) is officially the fastest growing open source project in history. When looking at graphs of open source adoption, it's a vertical line and nothing even comes close to matching its success. Why does it matter? Because it's the first comprehensive agentic system with an ever growing list of tools that is more or less completely unleashed (use at your own risk! remember it's early yet).
For those of you still convinced AI is just a chatbot, you should go out and take a look at what people are doing with this tool. Then tell us how jobs aren't going to be automated away. Remember too that, job displacement doesn't necessarily mean the AI is going to fully replace you, but that it's going to enable people to 10x their work and require significantly less headcount. Given how lackluster WF growth is, I doubt the growth needed to maintain headcount will keep pace with the productivity this will unlock.
As a bonus, go check out moltbook.com for laffs. It's hilarious to read through.
How does this relate to WF and layoffs you ask? It should be obvious once you understand what it is capable of. Your biggest firewall right now is data governance, and plenty of companies are working through this right now, including WF. Only Wells Fargo are way behind the curve, for obvious reasons of ineptitude.
https://www.youtube.com/watch?v=GjkCSQndS1E
16k layoffs at Amazon, totaling 30k over the past year, or ~10%. The most important thing he said in the video was this (paraphrasing):
They are laying off AI Safety researchers and security experts in lieu of hiring more pure developers with a primary goal of automating as much as they possibly can. It would be prudent to watch these tech companies who are leading the pack and understand that what they are doing is a preview of what is to come.
I hope they're aware of the hallucination problem. Frankly, I doubt they'll ever manage to build a specialized, efficient, and, most importantly, reliable AI setup. But even if they could, responsible leadership would never discard the human elements - the institutional knowledge, the creative input, the essential oversight. This will backfire spectacularly. Unless, of course, the real motive was always to get rid of the people, and "AI" is just the latest excuse.
Layoffs coming tomorrow. 15% of middle managers are getting axed. AI has replaced their job and as they add no value a reduction is needed.
No layoffs today, right?
Dow is planning to cut approximately 4,500 jobs as the chemicals maker places more emphasis on using artificial intelligence and automation in its business.
https://www.businessreport.com/article/dow-joins-a-growing-list-of-companies-announcing-layoffs
https://x.com/edzitron/status/2015968336669245688
TD Cowen had a data center themed analyst letter today that said that Oracle may lay off 20-30,000 people or sell Cerner to keep up with the debt on the data centers it’s building for OpenAI. It also says multiple US banks have pulled back from Oracle data center deals.
Huge amt of layoffs happening and will increase throughout the year as AI spending dramatically increases. Estimate is north of 50k jobs this quarter.
Has anyone confirmed reports that Intuit is planning to cut approximately 18% of its workforce after a restructuring... hearing this has baked in a 10% reduction at the Director level and above?
I have not seen any WARN filings yet.could these exits be categorized as performance terminations to keep the layoffs out of public view?
The computer maker HP announced it plans to cut between 4,000 and 6,000 jobs as it works to simplify operations and improve efficiency. The layoffs are part of a wider strategy that includes rolling out AI tools to increase productivity, with the company aiming to wrap up the initiative by the end of fiscal 2028.
On Tuesday, the image-sharing social media platform Pinterest announced it plans to lay off around 15% of its workforce. The company made the announcement in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC).
https://www.fastcompany.com/91481805/pinterest-stock-price-pins-layoffs-today-2026-job-cuts-latest-to-cite-shift-to-ai-artificial-intelligence
Straight from Davos:
JPMorgan Chase CEO Jamie Dimon discussed AI's impact on jobs at the World Economic Forum. He warned AI could lead to civil unrest if not managed properly by society. Dimon urged businesses and governments to collaborate on worker support programs. This support includes retraining, income assistance, and relocation aid. He suggested a slow AI rollout and potential government regulation to prevent mass layoffs.
https://www.fastcompany.com/91479436/jaime-dimon-wants-government-to-restrict-ai-layoffs
Bending Spoons Reduces Vimeo Workforce After Acquisition
https://sea.mashable.com/tech/41796/vimeo-hit-by-layoffs-after-acquisition
Vimeo recently experienced significant layoffs. This occurred after its acquisition by Bending Spoons. Bending Spoons confirmed the job cuts to TechCrunch. Former employees indicate a large portion of staff was impacted. Bending Spoons is known for acquiring companies and reducing their workforce.
https://www.axios.com/local/charlotte/2026/01/16/bank-america-wells-fargo-ai-job-cuts
Former TikTok content moderators in the UK are suing the company. They allege TikTok engaged in union busting tactics. Layoffs reportedly occurred just before a scheduled union vote. TikTok denies these claims, citing AI-driven restructuring for efficiency. The lawsuit highlights tensions over tech worker protections and automation.
https://www.webpronews.com/uk-tiktok-moderators-sue-for-union-busting-amid-ai-layoffs/
It's going to be a bloodbath.