AI layoffs mount amid software sector bloodbath

Ah, the software sector is having a 'bloodbath' — a term so delightfully graphic it could only come from the Jerusalem Post. Monday.com and Wix, two Israeli tech sensations, have each decided to part ways with 20% of their staff. That's one in five employees shown the door, clutching a cardboard box and a note from HR blaming 'AI advancements'. Because nothing says 'we're innovating' like firing a fifth of the people who made your products. The convenient timing — just as AI hype peaks — is purely coincidental, we're sure.

The article even has the courage to warn that some companies may use AI as a convenient excuse for layoffs. Really? You don't say. This is the corporate equivalent of blaming the weather for a missed deadline: pathetic, predictable, and entirely self-serving. Meanwhile, the same execs who are cutting jobs were, just last year, waxing lyrical about AI creating new roles and upskilling the workforce. Funny how that works. It's almost as if AI is the perfect scapegoat for any decision, no matter how arbitrary.

As the bloodbath continues, we can expect more of the same: companies will announce 'AI-driven efficiencies' that just happen to coincide with quarterly earnings reports. The 20% cuts at Monday.com and Wix are not an anomaly — they're the opening salvo. Brace yourselves for more excuses, fewer jobs, and a tech industry that has perfected the art of using AI as a scapegoat while the bosses collect their bonuses. Pass the sick bucket — and the redundancy letter. The future is here, and it's wearing a hoodie and holding a severance cheque. And don't expect the bleeding to stop here — every software company with a quarterly report due will suddenly discover that AI is 'the new reality' and 20% of their workforce is 'legacy'. The phrase 'AI-first' is code for 'people-last'.