2026
current
Exits
Layoffs
- #1Jack Dorsey · Block4,000 · 40%
Cut roughly 40% of staff (~4,000 people, 10,000 → under 6,000), telling shareholders AI tooling — not business weakness — was the reason, and predicting most companies would follow within a year.
“A significantly smaller team, using the tools we're building, can do more and do it better. And intelligence tool capabilities are compounding faster every week.”
Feb 2026 - #2Avishai Abrahami · Wix1,000 · 20%
Cut ~20% of staff (~1,000 people), the largest layoff in Wix's history, in a top-to-bottom rebuild around AI-native work (also citing the strengthening shekel).
“We have witnessed the most significant shift in how companies are built since the invention of modern programming languages in the 1970s … it is about rewiring how companies are built, how they think, how they manage and how they operate.”
May 2026 - #3Matthew Prince · Cloudflare20%
Cut ~20% of staff and argued in a WSJ op-ed that AI has made an entire category of "measurer" roles — middle management, finance, legal, internal audit — obsolete.
“The vast majority of those we laid off last week were measurers … AI systems can now measure an organization with a level of objective detail and precision that was previously impossible.”
Source: FortuneMay 2026
2025
Exits
- #1Maor Shlomo · Base44 → Wix$80M
Solo-owned, bootstrapped vibe-coding platform — no co-founders, no outside funding. Built it in ~6 months to 250k users and profitability, then sold to Wix for $80M cash. (Had hired a small team of ~8 by the sale.)
LLM coding agentsJun 2025
Layoffs
- #1
- #2Sebastian Siemiatkowski · Klarna40%
Said AI helped shrink Klarna's workforce by ~40% (≈5,000 → ≈3,000), mainly via a hiring freeze and attrition, and later warned other tech CEOs were "sugarcoating" AI's impact on jobs.
“The truth is, the company has shrunk from about 5,000 to now almost 3,000 employees. If you go to AI, it can do the jobs.”
May 2025