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Stock impact report

This founder was an AI layoff 9 months ago. Then he built an instantly profitable company with 2 partners and 12 agents [Fortune]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: Fortune
The company he'd spent years building a career inside decided it needed fewer people, and he was one of them. Recommended Video “I got laid off nine months ago, and it was AI-related,” said Brown, 48, with a career that stretches back to 2000 , aside from a few months as a ball boy for the Denver Nuggets in his youth. “I had to sit there and say, ‘This is a blessing, because I get a head start on everyone else that's going to have to go through this in a little while.'” He didn't spend long feeling sorry for himself. Instead, Brown joined a three-person startup with no venture funding, no engineering team, and no traditional software infrastructure. What they did have were 12 AI agents. $300 in, $300,000 out Fathom AI, an Austin-based sales enablement platform built specifically for the medical aesthetics industry, launched in early 2026. Within 12 weeks, it achieved an estimated annual recurring revenue of $300,000, gross margins north of 90%, and operating costs under 10% Show less Read more
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