Tech industry layoffs are accelerating, and executives have been quick to say it’s because their companies are doing more with artificial intelligence, even when there may be more to it.
Meta told employees last month that it would carry out mass layoffs on May 20, as the Silicon Valley giant tries to transform into an A.I.-first company.
Starbucks officials didn’t respond to requests for comment, and it's unclear whether the moves are related to cost-cutting efforts by Starbucks' CEO Brian Niccol.
The company announced the changes two days before it plans to lay off 10 percent of its work force, or about 8,000 employees.
The layoffs won't impact coffeehouse employees.
The Trump administration has eliminated more than 350,000 federal jobs. But an annual effort to inspire talented people to serve the public continues.
The largest U.S. crypto exchange said it was cutting jobs because of cryptocurrency market volatility and to “optimize” for the artificial intelligence era.
Job cuts attributed to AI may be more about investment than worker replacement.
The move comes as the company shifts more capital spending toward data centers to meet the demands of generative AI models.
Most of the layoffs will affect tech workers as the athletic giant tries to reverse a yearslong sales slump. It’s the second round of cuts this year.