#ai-layoffs · How AI Is Reshaping Work

Etsy cut about 220 people, 12% of its workforce, in a letter to shareholders published August 5. CEO Kruti Patel Goyal ruled out both of the usual explanations. Revenue and EPS beat estimates the same day; net income flipped to a $46.7M loss.

Chime is cutting about 150 of its 1,500 employees on AI efficiency gains, announced by memo on Friday, days ahead of its Q2 report.

The firm that sells AI transformation ran it on itself for a year. It ended with 194 fewer people and flat output per head, and the CEO says only 20% of the productivity has landed.

Zillow cut more than 500 people on August 4, about 7% of its global workforce and its largest round this year. The next day it posted 18% revenue growth and a 23% adjusted EBITDA margin. The company says AI had nothing to do with it.

Meta's Q2 2026 report put a price on its May layoff: $1.18 billion in severance for about 8,000 people, while total headcount barely moved.

Amazon's Q2 profit more than tripled to $62.6B, it raised AI capex to $220B, and it kept trimming the AGI team building its Nova models.

AI agents are absorbing routine support work and the headcount is following: Uber cut about 10% of customer service, Microsoft's support org shrank by 10,000, and outsourcing hubs are next.

Visa is cutting roughly 2,600 jobs, about 7% of its workforce, and pointing at AI — even as insiders say automation wasn't the primary driver.

The follow-up to Intel's mid-July cuts: the Data Center and AI Group it's trimming just posted 59% growth and drove Intel's fastest quarter since 2011.

Patreon laid off 93 people — 20% of staff — while revenue climbed 28%, and its CEO went out of his way to say AI wasn't the reason.

Uber cut about 10% of its Community Operations support staff and, for the first time, pinned the layoffs on its push to embrace AI.

Stanford's ADP payroll study, refreshed this week, shows young workers in AI-exposed roles down 13% since ChatGPT while older workers keep growing.