$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 Duo Agent Platform, to position GitLab as the enterprise platform for AI-driven software creation.

By TOI TECH DESK