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
