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Home Technology peripherals AI Sweeping Layoffs Hit Tech And Media Giants Citing AI Take Over

Sweeping Layoffs Hit Tech And Media Giants Citing AI Take Over

Jul 10, 2025 pm 01:06 PM

Sweeping Layoffs Hit Tech And Media Giants Citing AI Take Over

Blue Origin, the Jeff Bezos space venture, is eliminating 1,000 jobs, nearly 10% of its workforce, to restructure for automation.

Bumble is laying off 30% of its team, approximately 240 employees, in order to better compete with AI-driven dating platforms such as Hinge.

Business Insider is reducing its staff by 21% as it fully embraces AI to address the drop in Google search traffic.

Dropbox cut 20% of its workforce at the close of last year while shifting focus toward AI-based services.

Google, where AI-generated summaries are hastening the decline of traditional search traffic, has offered early retirement packages to members of its Search, Ads, and Commerce teams.

IBM cuts close to 9,000 jobs, primarily within human resources, as AI systems take over administrative tasks.

Intel intends to lay off up to 20% of its manufacturing personnel as it transitions to an AI-centric strategy. The company had more than 100,000 employees at the end of last year.

JP Morgan Chase anticipates a 10% decrease in operations staff as the firm urges managers to maximize efficiency, adopt AI, and streamline processes.

Meta, which has been attracting talent from OpenAI and recently appointed Github co-founder Nate Friedman to lead its Super Intelligence Labs alongside Scale AI’s Alexandr Wang, has been cutting 4,000 positions, roughly 5% of its workforce.

Microsoft removed 15,000 jobs this year, nearly 7% of its total workforce, despite robust financial results, with CEO Satya Nadella noting that 20% to 30% of its code is now generated using AI tools. Reductions span across sales, marketing, product, and engineering teams, the gaming division, and management layers.

More coming

Ford CEO Jim Farley predicts AI will eliminate half of all white-collar jobs in the near future. Anthropic CEO Dario Amodei forecasts AI could boost employment by 20%.

Significant backlash has emerged against companies prioritizing AI, including Duolingo, Klarna, and Shopify.

Amazon, which recently marked the deployment of its one-millionth robot in fulfillment centers, told Fast Company that, despite widespread rumors, it has not targeted 14,000 roles for elimination. Meanwhile, Block, previously known as Square, is removing 1,000 jobs, around 8% of its staff, but its co-founder and CEO, Jack Dorsey, clarified that the move isn't intended to replace workers with AI.

The outlier

Amid widespread job cuts, one engineer, Soham Parekh, not only secured multiple tech jobs but also held them concurrently. He became an internet sensation last week when he was caught, and his ability to outsmart recruiters—often supported by AI—went viral.

Box CEO Aaron Levie commented, “If Soham comes clean right away and says he was working to build an AI Agent for knowledge work, he gets a $100M pre by the weekend.”

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