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Artificial intelligence
fromTechRepublic
1 week ago

More Tech Layoffs: Atlassian Slashes 10% of Workforce, Stock Climbs After Announcement

Atlassian laid off 1,600 employees (10% of workforce) to fund AI and enterprise sales investments, and its stock price increased nearly 2% following the announcement.
Artificial intelligence
fromFast Company
3 weeks ago

Jack Dorsey's fintech company Block is laying off thousands, citing gains from AI

Block laid off 40% of its workforce citing AI tools enabling smaller teams to work more efficiently, causing stock to surge 20% as investors viewed the move as profit-enhancing.
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