GitLab Cuts 14% of Workforce Despite Record Revenue — Is AI the Reason?

GitLab has laid off 350 employees, representing 14% of its workforce, even as the company reports strong financial growth. Revenue surged 23% to a record $264 million, raising questions about the role of AI automation in the decision. The layoffs come at a time when many tech firms are restructuring to prioritize efficiency and AI-driven workflows. GitLab's move highlights a growing trend: profitable companies still resorting to job cuts to streamline operations and invest in automation.