The fintech Chime plans to cut 10% of its workforce, or about 150 employees, to take advantage of artificial intelligence efficiencies and innovate using smaller teams.

Freshworks has announced it will trim 11% of its workforce, or about 500 jobs, as the company addresses routine work with AI and automation.

Snap, parent company of social media platform Snapchat, is reducing its headcount by 1,000 jobs... CEO Evan Spiegel said in a memo to employees that advancements in AI are reducing 'repetitive work' and improving the company's ability to support its 'community, partners, and advertisers.'