Drew Houston, CEO of Dropbox.
Drew Houston, CEO of Dropbox, cited the "expansion" of AI products in layoff memo to staff in April.
  • A number of corporations across tech, media, and finance have made major staff cuts this year.
  • At the same, many companies are pivoting to invest more in AI — some even citing it as a reason for cutting jobs.
  • Here are how some major companies are pivoting — and axing jobs — as part of an AI push.

Many major corporations have made significant cuts to their workforces this year as the rough market conditions that began in 2022 have continued.