Angi is cutting 350 jobs 'in light of AI-driven efficiency improvements' [Yahoo! Finance]
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Source: Yahoo! Finance
Economists and tech experts have predicted that more companies will replace humans with AI in 2026. The popular contractor listing site once known as Angie's List is the latest company to cite AI in a layoffs announcement. Angi said Wednesday that it was cutting around 350 jobs "to reduce operating expenses and optimize the organizational structure in support of long-term growth." The company also said it's making the cuts "in light of AI-driven efficiency improvements." In an SEC filing , Angi said that the cuts would save between $70 million and $80 million in annual spending. The layoffs will cost the company between $22 million and $30 million, according to the filing. Angie's List got its start in the 1990s as a database to help homeowners find contractors for projects such as home improvement and lawn care. The company, which rebranded in 2021 as Angi, had about 2,800 employees at the end of 2024, according to its latest annual filing. Executives at tech companies fro
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News
- The list of companies laying off staff this year includes Angi and Tailwind, with dozens of others warning of job cuts [Yahoo! Finance]Yahoo! Finance
- The list of companies laying off staff this year includes Angi and Tailwind, with dozens of others warning of job cuts [Business Insider]Business Insider
- Veteran-led team formed in Rice entrepreneurship program acquires national leadership development firm [Yahoo! Finance]Yahoo! Finance
- Valley tech company doing ambient scent marketing gets backed with $1.3M [Yahoo! Finance]Yahoo! Finance
- The company behind Angie's List is cutting 350 jobs 'in light of AI-driven efficiency improvements' [Business Insider]Business Insider
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