Across technology, banking, crypto, software, and cybersecurity, several major firms have announced job cuts while pointing to AI, automation, efficiency, or a new “AI-native” way of working.
Some executives argue that smaller teams can now move faster with the help of AI tools. Others believe the rise of AI has changed the skills companies must prioritise.
But the trend has also raised a major question: is AI truly replacing workers, or are some companies using AI as a convenient reason for layoffs they already planned?
Either way, the direction is clear. Many businesses are redesigning their workforce around artificial intelligence.
Here are 10 major companies that have linked recent or planned job cuts to AI.
1. Oracle
Oracle has become one of the biggest names in the AI-layoff debate after revealing that AI adoption has contributed to workforce reductions.
The company’s headcount fell by about 21,000 employees, or 13%, over the past year. Oracle had 141,000 workers as of May 31.
The cuts came as the company continued to invest heavily in AI infrastructure. Oracle also recorded a sharp rise in severance and restructuring costs, showing that the business is reshaping itself while chasing growth in the AI market.
2. HP
HP plans to cut between 4,000 and 6,000 jobs by the end of 2028 as part of a broader restructuring plan.
The company expects the move to save about $1 billion. Its plan includes workforce reductions, simpler platforms, fewer overlapping programmes, and higher productivity through AI adoption.
HP is not treating the cuts as a short-term reaction. Instead, the company is building a longer restructuring plan around efficiency, cost control, and artificial intelligence.
3. Cisco
Cisco plans to cut fewer than 4,000 jobs as it reorganises its business around artificial intelligence.
The networking giant has been investing in areas tied to AI demand, including silicon, optics, security, and internal AI tools. Its leadership believes companies that win in the AI era will be those that focus their resources on areas with the strongest long-term value.
The layoffs came even as Cisco delivered stronger-than-expected quarterly results and raised its revenue outlook.
That makes Cisco’s case important. The cuts were not only about weak business performance. They were also about moving investment to areas where the company expects AI-driven growth.
4. Block
Block CEO Jack Dorsey has linked workforce cuts to a new way of working shaped by AI tools.
According to the source report, Dorsey announced plans to move the company from more than 10,000 employees to under 6,000. He argued that intelligence tools, smaller teams, and flatter structures are changing how companies are built and operated.
Block’s case reflects a wider belief among some tech leaders: AI allows fewer people to do more work faster.
That view is becoming one of the strongest arguments behind AI-related restructuring. But it also raises concerns about what happens to workers whose roles become easier to automate, merge, or remove.
5. WiseTech
WiseTech, the logistics software company, is cutting 2,000 jobs, equal to about 30% of its workforce, because of AI-led efficiency.
Its CEO, Zubin Appoo, argued that AI now allows more work to be done in less time and with fewer employees. He also claimed that the old model of manually writing code as the main act of engineering is changing.
WiseTech’s cuts stand out because of the scale. A 30% workforce reduction is a major restructuring, not a small adjustment.
The company’s position also points to a major pressure facing software workers: AI coding tools are becoming central to how tech companies think about productivity.
6. Atlassian
Atlassian announced plans to cut 1,600 jobs, equal to about 10% of its global workforce.
The software company framed the cuts as part of a restructuring designed to help it focus on AI and enterprise growth. Its CEO, Mike Cannon-Brookes, told employees that AI changes the mix of skills the company needs and the number of roles required in some areas.
Atlassian’s case shows that AI is not only affecting repetitive or entry-level jobs. It is also forcing companies to rethink management layers, technical teams, and future hiring needs.
The company still expects engineers to remain important, but it wants a workforce designed for a more AI-driven business model.
7. Standard Chartered
Standard Chartered plans to reduce 15% of its staff by 2030.
The bank’s CEO, Bill Winters, described the move as a shift away from lower-value human capital toward more investment in technology and AI. The company also wants to combine human talent with AI while moving employees into higher-value roles.
This shows that the AI-layoff trend is not limited to Silicon Valley. Big financial institutions are also preparing for a future where machines take on more routine tasks while human workers focus on more complex work.
For banks, the AI shift could affect back-office roles, customer support, compliance, analysis, and other areas where automation can reduce manual work.
8. Cloudflare
Cloudflare plans to cut more than 1,100 roles as it reorganises for the “agentic AI era.”
The cybersecurity company reported a sharp rise in AI usage across its workforce, with employees running thousands of AI agent sessions across departments.
Cloudflare’s leadership argued that the company needed to be more intentional about how it builds itself for this new era. At the same time, the company plans to keep hiring in areas such as engineering and customer-facing sales.
This shows a key pattern in AI-related layoffs: companies may cut roles in one part of the business while still hiring in areas they see as more important for AI-driven growth.
9. Snap
Snap announced plans to cut 1,000 employees, representing about 16% of its global workforce.
CEO Evan Spiegel linked the decision to rapid advances in AI and the company’s move toward smaller squads using the technology to work more efficiently. Snap also closed more than 300 open roles.
The company expects the layoffs to deliver about $500 million in annual cost savings.
Snap’s decision reflects how social media and consumer tech companies are also using AI to reshape product development, internal operations, and team structures.
10. Wix
Wix plans to cut about 20% of its workforce, with AI listed as one of the reasons behind the move.
The company also pointed to currency pressure, but CEO Avishai Abrahami argued that AI is changing how companies are built, managed, and operated.
Wix previously employed just under 5,300 workers, meaning roughly 1,000 roles could be affected.
The company wants to operate in a leaner, flatter, and more AI-native way. That language is now becoming common among companies that believe AI can reduce the need for large teams.
