Cisco Systems

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Monday.com Joins List of Tech Firms Blaming AI for Layoffs — 20 More Examples

Monday.com will lay off 20% of its workforce (over 600 people) as part of a restructuring, citing a transformation toward an AI-driven growth strategy. According to the Financial Times, U.S. IT companies have cut nearly 140,000 jobs since the start of the year, with Amazon, Oracle, Meta, and Microsoft alone accounting for almost 50,000. However, the market is skeptical of such explanations: shares of companies citing AI have underperformed the Nasdaq by 10%.

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TechCrunch AI27.07 · 21:02
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Industry Leaders Unite in Open Secure AI Alliance for AI Security

Leading companies including NVIDIA, Microsoft, IBM, and Hugging Face have founded the Open Secure AI Alliance to develop open cybersecurity technologies and tools for the AI era. The alliance aims to democratize protective capabilities through open models and platforms, avoiding single points of failure and strengthening critical infrastructure defense.

NVIDIANVIDIA Hugging FaceHugging Face IBMIBM Red HatRed Hat MicrosoftMicrosoft Cadence Design SystemsCadence Design Systems Capital OneCapital One Cisco SystemsCisco Systems ClouderaCloudera CloudflareCloudflare CognitionCognition CrowdStrikeCrowdStrike DatabricksDatabricks DellDell DoorDashDoorDash ElasticElastic LangChainLangChain NetAppNetApp Nous ResearchNous Research PalantirPalantir Palo Alto NetworksPalo Alto Networks SalesforceSalesforce SAPSAP SK TelecomSK Telecom SiemensSiemens SnowflakeSnowflake Synopsys, Inc.Synopsys, Inc. Linux FoundationLinux Foundation
NVIDIA blog27.07 · 13:04
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