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Latest AI news, models and releases from Cisco Systems. ['Antares-1B', 'Antares-350M', 'Antares-3B']

Business & Market 🇺🇸

Monday.com joins the list of tech companies citing AI as a reason for layoffs — 20 more examples

Monday.com announced layoffs of about 20% of its workforce, or over 600 employees, citing a restructuring tied to its AI-driven growth strategy. This adds to a growing trend where major tech companies like Microsoft, Oracle, Meta, and Amazon have cited AI as a factor in job cuts, with nearly 140,000 U.S. tech jobs cut this year. However, AI-focused companies like Anthropic and OpenAI are hiring rapidly, and some firms are shifting headcount into AI roles.

monday.com

Microsoft

Oracle

GitLab

Google/DeepMind

Intuit

Nvidia, Microsoft, IBM and Dozens of Other Companies Form AI Safety Alliance

Nvidia, Microsoft, IBM, Adobe, SAP and other companies have announced the formation of the Open Alliance for AI Safety (OASIS). The alliance will focus on developing and distributing open tools for the safe and responsible use of AI.