Gitlab Tumbles as Raymond James Downgrades after Ai-induced Layoffs

GitLab (GTLB) was in focus on Tuesday after the company announced layoffs and said it would restructure its business around artificial intelligence, prompting Raymond James to downgrade the stock. Shares tumbled 12% in premarket trading. âWe are downgrading GTLB to Newslet

GitLab (GTLB) was in focus on Tuesday after the company announced layoffs and said it would restructure its business around artificial intelligence, prompting Raymond James to downgrade the stock.

Shares tumbled 12% in premarket trading. âWe are downgrading GTLB to Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities

Subscribe to Newsletters To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser

Leave a Reply

Your email address will not be published. Required fields are marked *