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Angi Layoffs

1 day ago
Technology

Employees Affected

350

Industry Sector

Technology

Details

Angi, the company formerly known as Angie's List, announced it is cutting around 350 jobs to reduce operating expenses and optimize organizational structure. The company cited AI-driven efficiency improvements as the primary reason. Expected annual savings of $70-80 million, with restructuring costs of $22-30 million. Most layoffs expected to be completed by March 2026.

Source Information

Source: Reuters