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$5 billion-plus company GitLab cuts hundreds of jobs, exits 22 countries; CEO blames it on AI

Times of India

TechnologyTimes of India·Jun 4, 2026·1 min read

$5 billion-plus company GitLab cuts hundreds of jobs, exits 22 countries; CEO blames it on AI

GitLab is laying off 14% of its workforce and exiting 22 countries as part of a restructuring to focus on the "agentic era" of software development. CEO Bill Staples stated that savings will be reinvested into AI products, particularly the…

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