Tech companies are no longer just cutting jobs.
Many are reshaping themselves for the age of artificial intelligence
GitLab, one of the most popular web-based software platforms used by software engineers as a code repository, security, and code deployment, has now joined the growing list of companies becoming AI-first. As part of the restructuring process, which includes cost reallocation, they are laying off hundreds of employees and exiting several countries. The software company previously warned that it was entering what it called “Act 2,” a restructuring plan designed to prepare the business for the agentic AI era.
At the time, GitLab made clear that changes were coming, but had not yet disclosed the full impact on workers, covered by TheStreet. GitLab cuts 350 jobs in restructuring plan GitLab Chief Financial Officer Jessica Ross revealed the exact number of people affected in the restructuring. At the company’s first-quarter fiscal 2027 earnings remarks, GitLab said approximately 14% of its workforce, or about 350 team members, will be affected.