… The company expects revenue to increase by about 10% in the third quarter, for which it will report results later today. Topics Enterprise , Intuit , Layoffs , Sasan Goodarzi , tech layoffs When you purchase through links in our articles, we may earn a small commission . …
… They also explore the lessons learned from scaling too quickly and how to build a more resilient company the second time around. They discuss: How to approach layoffs with empathy and transparency. …
… These layoffs are not all permanent headcount reductions. A person familiar with the layoffs told TechCrunch that the company is still hiring people for roles in its IT department, but for different skills. …
… Last Thursday, Evans announced on X that the company, which was last valued in 2021 at $4 billion , had laid off 22% of its workforce yet characterized that reduction as not a cost-cutting measure, but rather a radical embrace of AI that will propel the company to the next level. “Most savings from… …
… When asked by an analyst on the call why the company needed to cut so deeply after such a good quarter, Prince said, “Just because you’re fit doesn’t mean you can’t get fitter.” Topics AI , cloudflare , Enterprise , Layoffs , TC When you purchase through links in our articles, we may earn a small c… …
… Topics AI , ai psychosis , Box , Layoffs , Startups , tech layoffs , Venture When you purchase through links in our articles, we may earn a small commission . …
… The company laid off thousands of employees during two separate layoffs in 2024 and cut over 150 jobs in 2025. …
… Topics Aaron Levie , AI , AI agents , AI layoffs , ai psychosis , Amazon competition , AWS , Equity , openrouter , Snowflake , Stord , Waymo robotaxi Theresa Loconsolo Theresa Loconsolo is an audio producer at TechCrunch focusing on Equity, the network’s flagship podcast. …
… The company was also paying for one month of COBRA insurance. The catch: Although stock compensation often makes up a good chunk of a tech worker’s pay, particularly at Oracle, the company did not accelerate soon-to-vest RSUs. …
… Combined with the planned layoffs, which Lores characterized as PayPal removing layers from its organizational structure, the addition of AI-enabled processes is expected to bring the company at least $1.5 billion in cost savings over the next two to three years, he said. …