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Commerzbank Plans Job Cuts, AI Investment for Independence

Commerzbank announced plans to eliminate 3,000 positions. This move is part of its "Momentum 2030" strategy. The bank will invest Euro 600 million in artificial intelligence. These efforts aim to boost profitability and defend against a UniCredit takeover bid. Commerzbank reported a first-quarter net profit of Euro 913 million.

https://www.latestly.com/business/commerzbank-layoffs-germany-based-bank-to-cut-3000-jobs-in-major-pivot-to-defend-against-unicredit-takeover-7423939.html/amp


DeepL Cuts 25% of Staff Due to AI Shift

DeepL announced plans to cut approximately 25% of its workforce. This reduction affects about 250 employees. CEO Jarek Kutylowski cited a massive structural shift from artificial intelligence. The Cologne-based company develops AI translation tools. DeepL aims for fewer layers and faster decisions with this change.

Austin, Texas

https://www.msn.com/en-in/money/news/layoffs-google-translate-rival-deepl-announces-plans-to-cut-25-of-staff/ar-AA22ANSi


Freshworks Cuts 500 Jobs Due to AI Automation

Freshworks will cut 11% of its global workforce, approximately 500 jobs. This decision is partly due to rapid advancements in artificial intelligence. CEO Dennis Woodside stated AI now writes over half of the company's code. Automation has reduced routine tasks across various departments. The company expects about $8 million in one-time restructuring charges.

https://www.msn.com/en-in/money/topstories/freshworks-layoffs-company-to-cut-500-jobs-ceo-dennis-woodside-explains-why/ar-AA22u4Z5?uxmode=ruby&apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1


Nearly 38,000 US jobs were cut in the first 10 days of May 2026

Nearly 38,000 US jobs were cut in the first 10 days of May 2026. This affected sectors like technology, finance, and aviation. Spirit Airlines ceased operations, impacting 14,000 employees. Many companies cited AI-driven restructuring and cost reduction plans. Kyndryl, PayPal, and Cloudflare also announced significant workforce reductions.

https://americanbazaaronline.com/2026/05/10/us-layoffs-in-first-10-days-of-may-2026-nearly-38000-jobs-cut-480502/


Kyn

Kyndryl restructuring should reduce overhead functions and reduce the number of managers that lack technical knowledge
Of the various systems they try to manage.
All chiefs and no Indians will cause the company to collapse.
Ai can identify various areas that can be improved as long as there is a team to analyze the data.


More info

Cloudflare on Thursday joined a growing list of tech companies — including Meta, Microsoft, and Amazon — that have reported increased revenue alongside massive layoffs, attributing both trends to their use of AI.

https://techcrunch.com/2026/05/08/cloudflare-says-ai-made-1100-jobs-obsolete-even-as-revenue-hit-a-record-high/


Quarterly RSU Vesting proposal

It doesn’t matter to who are already let go, but it matters a lot to who are there absorbing heavy workload and on call’s. Leadership can take some more stupid decision on AI data center expansion and betting on OpenAI. As you all know OCI is outdated and old fashioned cloud it can never win cloud race.
Oracle will again do layoffs for employees who has RSU vesting in upcoming quarter. Please create public pressure and sign petition and change RSU vesting to quarterly.


Breaking news: King of layoff Muxsk visit Intel for more layoffs

Layoff AI secret agent has detected a collaboration visit at Intel Oregon fab between King of layoff Muxsh and King of stocks LBT to plan out more layoffs by replacing your jobs with robots to bump up the stocks again. Get ready to block him enter all the toilets before your jobs are gone.

You hear it first here !


Next year RIF target will be Software and QA Engineers after Github Copilot Adoption

You can run, you can hide, but you cannot escape ... AI will first eat Software Engineer or QA Engineer roles.

Next year RIF target will be Software Engineers especially order taking coders without business domain expertise. Grade 3,4,5 would be let go after Git-hub Copilot Adoption.


How Job Applicants Cheat Using Workday Interviews

Anybody noticed something suspicious interviewing people remotely during Workday?

On TikTok, they show videos of someone under the table of the person being interviewed with a second monitor and actual keyboard typing the answers using AI while the guy being interviewed pretends to be typing in front of the camera.


Heartless and Targeted Layoffs in CIT

Layoffs in Corporate Information Technology Visa executives should be ashamed of how they handled these layoffs. Just weeks after celebrating record earnings and profits, they sat behind scripted talking points and treated people like disposable line items in a revolving door operation. While bringing in the largest intern groups in the matter of a week. There was no humanity, no accountability, and no meaningful acknowledgment of the impact on employees and families.

What’s even more concerning is the false narrative being pushed that AI will somehow absorb the workload of the people they eliminated. That simply is not reality. Visa has not implemented mature, effective AI capabilities capable of replacing the operational knowledge, leadership, and technical expertise that walked out the door. The result will be the same pattern seen in many corporations: fewer people doing double the work while executives protect margins and shareholders applaud temporary cost cuts.

What makes this even worse is the culture that remains behind. Fear-based leadership, outdated management practices, and forced “NS/NS” (Needs Strengthening) labels used to create paper trails and justify targeted exits. It’s an old-school corporate playbook disguised as performance management. Simply put…Bad Bosses.

The remaining employees will now carry significantly heavier workloads while operating under executives driven by ego, hierarchy, and optics rather than modern leadership principles. Instead of building psychologically safe, high-performing teams, the environment rewards politics, pressure, and survival mode.

Companies talk endlessly about innovation, AI Transformation, Psychological Saftey yet many leaders still manage people like it’s 1998.

#Visa #Layoffs #CorporateGreed #FearBasedLeadership #ToxicWorkplace #LeadershipFailure #CorporateAmerica #PeopleOverProfits #TechLayoffs #Burnout #AIReality #BadManagement #WorkplaceCulture #EmployeeExperience #CorporatePolitics #ModernLeadership #PsychologicalSafety #WorkersMatter
#Visa #Layoffs #CorporateGreed #ProfitOverPeople #TechLayoffs #BadLeaders #TrumpStyle #LeadershipFailure #CorporateAmericaSucks #CorruptWorkplaceCulture #AIReality #Restructuring #CorporateAccountability #HumanCost #VisaHeartless


How Artificial Intelligence (AI) Effects the Environment

AI usage imposes significant environmental costs, primarily through massive electricity consumption, high water usage for cooling data centers, and electronic waste from hardware manufacturing.

While AI can help optimize energy efficiency, its rapid growth contributes to rising greenhouse gas emissions. By 2027, AI demand could use 4.2–6.6 billion cubic meters of water.

Key Environmental Impacts of AI

  • Energy Consumption & Emissions: Training and running complex AI models require immense power, with data centers currently accounting for about 1% of global electricity demand. A single generative AI query uses 4-5 times more energy than a standard search engine request.

  • Water Usage: Data centers consume vast amounts of water for cooling to prevent servers from overheating.

  • Hardware and E-Waste: Producing GPUs and servers requires mining for rare earth minerals, leading to soil erosion and pollution. Rapid hardware turnover increases electronic waste.

  • Infrastructure Impact: The expansion of AI infrastructure can contribute to local environmental degradation, including air quality issues in surrounding communities.

Experts emphasize that the environmental sustainability of AI is often overlooked, with urgent need for more transparent, efficient models


F the cowboy

I was laid off yesterday, May 7. I am not Frontier. 25 years with VZ... 3 moves for this company... I'm happy. I feel relieved. Good riddance. They think AI can do my job! It's not there yet. They will struggle will all these losses of good people. I will be fine. I am done... I think i will go Uber. Best day of my life ...


Caged Monkeys and Water

Few monkeys were caged with a ladder and a hole to escape at top of cage. Whenever any monkey tries to climb the ladder and escape through hole, Huge force of Water is sprayed on them. Slowly all the monkeys tried to pull the climbing monkeys and hit. No monkey climbed even if cage was open.

Similarly, even when employees try to use their skills, management is pushing towards AI. eventually employees will lose their own skill and when they are out, they feel like they are lost in market and will try to go back to Oracle cage.

Shameful Peanut Monkeys


Michigan Addresses AI Impact on Jobs

Artificial intelligence increasingly threatens white-collar jobs in Michigan. Experts estimate AI could automate a significant percentage of work tasks. Michigan's large technical workforce faces high exposure to this disruption. The state is expanding adult education and retraining programs. Community colleges are evolving into workforce transition centers to address these changes.

https://mitechnews.com/industry-40/michigan-is-racing-to-retrain-workers-before-ai-reshapes-the-economy/


When senior leaders stay quiet

Leadership isn’t about staying quiet when things get hard. It’s about having difficult conversations especially when their employees are struggling.

What’s disappointing is watching so many of them stay silent while the mental strain on employees keeps growing. Ever since Dan became CEO, the focus has been nonstop customer obsession and AI obsession while the human side of the company feels ignored.

Employees are exhausted. Morale is down. People are anxious about their future while incredible talent is being pushed aside in the name of efficiency.

Let’s hope state and federal governments begin putting real guardrails around employment as AI rapidly changes the workforce. Companies should not be able to aggressively cut human talent in pursuit of automation without accountability or protections for workers and environment.

At some point, companies need to ask themselves: what happens when we automate away stability for millions of people? Will all of this still feel worth it when unemployment rises and people can no longer support themselves? What’s most disappointing is not just the decisions being made but the silence of the leaders who see the damage being done and still choose not to speak up.

Technology should support humanity not replace it at any cost.


Cloudflare Announces Major Staff Cuts, Cites AI

Cloudflare announced layoffs for over a thousand employees. The company cited increased AI usage as a primary reason. Cloudflare's AI usage grew by over 600% in three months. The job cuts are not for cost-cutting or performance assessment. Cloudflare's stock dropped 18% following the announcement.

San Francisco, California

https://www.kron4.com/news/technology-ai/sf-tech-company-cloudflare-to-cut-over-a-thousand-jobs-cites-ai-as-reason/


are you ready?

once you are made redundant, are you ready to go back in there? will jobs change or disappear at other companies too because of this AI implementation? "This company's issue isn't profit, it’s growth." The company must grow to remain competitive; if other companies adopt AI and have fewer roles, then this one must do exactly the same and, as it appears, these are years where they are only letting people go. Are you ready for a world where you just can’t make ends meet because no company will ever need a human doing the job? Am I being too catastrophic or simply this issue is not getting addressed enough with governments and the public?


May IBM CEO Office Hours

I had to laugh while watching the latest IBM CEO Office hours (May edition). At minute 9:30, the topic is "Internal support efficiency"... Question about the internal support automation... think askHR, askIT, askSales, etc... Arvind said the services su-k... he tried to ask askHR what his vacation policy and the answer from the system was: "I could not retrieve that answer"!! Lol!

This is a great example on how IBM uses AI internally... useless.

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Verizon layoffs 2026: hundreds more jobs cut nationwide

Verizon layoffs 2026: hundreds more jobs cut nationwide [ Yahoo Finance ].
Colleen Cabili
Thu, May 7, 2026 at 3:03 PM EDT

About six months after eliminating more than 13,000 positions in its largest-ever single round of layoffs, Verizon has confirmed a new wave of cuts totaling several hundred jobs across the country.

Without offering a precise figure, Verizon characterized the scope as under 1% of its global workforce, Business Insider reported. Smaller business units bear the brunt of the reductions, with Verizon's Basking Ridge, New Jersey campus seeing the heaviest impact.

"We're continuing to add head count to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed," a Verizon spokesperson said in a statement.

At a time when many employers have pointed to AI as a rationale for headcount reductions, Verizon explicitly ruled out the technology as a factor in these cuts. Workers who lose their jobs can pursue any of the more than 1,000 U.S. roles currently listed on the company's careers page.

On last week's earnings call, CFO Anthony Skiadas described the company as operating with a leaner structure since the prior year's cuts and signaled that efficiency efforts would extend past 2026. During the same call, CEO Dan Schulman highlighted AI's growing footprint at Verizon, pointing to reductions in vendor support costs of up to 70% and a 40% gain in software code output.

When announcing the November 2024 cuts, Schulman characterized the scope as company-wide and said the savings would be redirected toward improving the customer experience.

https://finance.yahoo.com/markets/stocks/articles/verizon-layoffs-2026-hundreds-more-190352303.html


Challenger: April Layoffs See Sharp Rise

U.S. employers announced 83,387 job cuts in April, a 38% increase from March. This total marks the third highest for April since 2009. Technology companies led all industries in layoff announcements, often citing AI spending as a reason. Artificial Intelligence was the top reason for job cuts for the second consecutive month. Overall hiring plans decreased significantly in April.

https://www.challengergray.com/blog/challenger-report-april-job-cuts-rise-38-from-march-ytd-cuts-down-50/


AI APOCALYPSE

trend is, people are hating AI because of the impact it has on the environment all to cut some corners and not pay people... meanwhile companies are SHOVING THAT SLOP down our throats. STOP. AI is inaccurate, it hallucinates. You claim to be making lots of money yet axing tons of talented people just to push AI. this will fail and blow up in your face.


Arctic Wolf Cuts 250 Jobs for AI Investment

Arctic Wolf eliminated approximately 250 jobs in 2026. This affected multiple teams, including sales, product development, and marketing. The cybersecurity vendor is restructuring to invest more in artificial intelligence. This investment focuses on its superintelligence platform and agentic Security Operations Centre. Canadian employees have contacted a law firm regarding severance offers.

https://stlawyers.ca/blog-news/arctic-wolf-layoffs/


Arctic Wolf Cuts 250 Jobs for AI Investment

Cybersecurity vendor Arctic Wolf laid off 250 workers. This restructuring aims to boost investment in AI initiatives. The cuts affect less than 10 percent of its total workforce. Sales, product development, and marketing roles were impacted. The company plans to focus on its Superintelligence platform and Agentic SOC.

https://www.theregister.com/ai-and-ml/2026/05/06/arctic-wolf-cuts-250-jobs-in-ai-push/5231213