"Angi said Wednesday that it was cutting around 350 jobs "to reduce operating expenses and optimize the organizational structure in support of long-term growth." The company also said it's making the cuts "in light of AI-driven efficiency improvements." In an SEC filing, Angi said that the cuts would save between $70 million and $80 million in annual spending. The layoffs will cost the company between $22 million and $30 million, according to the filing."
"Angie's List got its start in the 1990s as a database to help homeowners find contractors for projects such as home improvement and lawn care. The company, which rebranded in 2021 as Angi, had about 2,800 employees at the end of 2024, according to its latest annual filing. Executives at tech companies from Amazon to Salesforce have said that they are replacing at least some human workers with AI in recent months."
Angi will cut around 350 jobs to reduce operating expenses and optimize its organizational structure for long-term growth. The company cited AI-driven efficiency improvements as a factor in the decision. The planned cuts are expected to save between $70 million and $80 million in annual spending while costing the company between $22 million and $30 million in layoff-related charges. Angi began as Angie's List in the 1990s as a contractor database and rebranded to Angi in 2021. The company had about 2,800 employees at the end of 2024. Tech executives across firms have been replacing some workers with AI, and further job losses are predicted in 2026.
Read at Business Insider
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