{"id":222308,"date":"2026-05-29T06:00:00","date_gmt":"2026-05-29T10:00:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/29\/another-tech-company-says-it-will-cut-hundreds-of-jobs-amid-pivot-to-ai\/"},"modified":"2026-05-29T06:25:15","modified_gmt":"2026-05-29T10:25:15","slug":"another-tech-company-says-it-will-cut-hundreds-of-jobs-amid-pivot-to-ai","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/29\/another-tech-company-says-it-will-cut-hundreds-of-jobs-amid-pivot-to-ai\/","title":{"rendered":"Another tech company says it will cut hundreds of jobs amid pivot to AI"},"content":{"rendered":"<p><a href=\"https:\/\/www.latimes.com\/business\/story\/2026-05-29\/another-tech-company-says-it-will-cut-hundreds-of-jobs-amid-pivot-to-ai\">Another tech company says it will cut hundreds of jobs amid pivot to AI<\/a><\/p>\n<p><a href=\"https:\/\/www.latimes.com\/business\/story\/2026-05-29\/another-tech-company-says-it-will-cut-hundreds-of-jobs-amid-pivot-to-ai\">https:\/\/www.latimes.com\/business\/story\/2026-05-29\/another-tech-company-says-it-will-cut-hundreds-of-jobs-amid-pivot-to-ai<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-29 06:00:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.latimes.com\">www.latimes.com<\/a><\/p>\n<ul>\n<li>Groupon announced a plan to cut up to 400 jobs, representing nearly 25% of its worldwide workforce, as part of its strategy to transform into an AI-native platform.<\/li>\n<li>The layoffs are anticipated to occur over the coming months and aim to position the company to better fulfill its mission.<\/li>\n<li>The tech industry has experienced a significant increase in job cuts, particularly in the U.S., since 2023, with over 800,000 layoffs recorded according to Layoffs.fyi.<\/li>\n<li>Many e-commerce companies, including Groupon, are shifting to AI-based operations to automate roles and reduce costs.<\/li>\n<li>Groupon estimates the layoffs will cost up to $13 million but is expected to save more than $20 million annually through AI integration.<\/li>\n<li>The surge in AI-driven layoffs has intensified competition for top talent, widening the skill divide in Silicon Valley.<\/li>\n<li>Despite traditional job search efforts, many unemployed tech workers are facing difficulties, leading some to take pay cuts, leave the tech industry, return to study, launch startups, or retire early.<\/li>\n<li>Following the announcement, Groupon\u2019s stock price slipped marginally by 1% to $21.20, reflecting investor concerns amidst the company\u2019s broader restructuring efforts.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another tech company says it will cut hundreds of jobs amid pivot to AI https:\/\/www.latimes.com\/business\/story\/2026-05-29\/another-tech-company-says-it-will-cut-hundreds-of-jobs-amid-pivot-to-ai&#8230;<\/p>\n","protected":false},"author":1,"featured_media":222309,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/ca-times.brightspotcdn.com\/dims4\/default\/ee42af4\/2147483647\/strip\/true\/crop\/1600x840+0+113\/resize\/1200x630!\/quality\/75\/?url=https%3A%2F%2Fcalifornia-times-brightspot.s3.amazonaws.com%2Fe0%2F79%2Fdc14bbdc4bfab950d7bfe92d9f06%2Fgettyimages-1242401546.jpg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-222308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/222308"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=222308"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/222308\/revisions"}],"predecessor-version":[{"id":222310,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/222308\/revisions\/222310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/222309"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=222308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=222308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=222308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}