Angi is cutting 350 jobs 'in light of AI-driven efficiency improvements'

Core Viewpoint - Angi, formerly known as Angie's List, is laying off approximately 350 employees to reduce operating expenses and optimize its organizational structure, citing AI-driven efficiency improvements as a key factor [1][3]. Group 1: Layoffs and Financial Impact - The layoffs are expected to save Angi between $70 million and $80 million in annual spending [1]. - The cost of the layoffs is estimated to be between $22 million and $30 million [1]. Group 2: Company Background - Angi started in the 1990s as a database for homeowners to find contractors for home improvement and lawn care projects, and it rebranded in 2021 [2]. - As of the end of 2024, Angi had approximately 2,800 employees according to its latest annual filing [2]. Group 3: Industry Trends - Executives from various tech companies, including Amazon and Salesforce, have indicated a trend of replacing some human workers with AI [2]. - Geoffrey Hinton, a prominent computer scientist, has predicted that job losses due to AI will increase significantly by 2026 [3].