Find XO: More than 20 companies now cite AI as a reason for layoffs (techcrunch.com)

- TechCrunch compiled a list this year of companies that cited AI as a reason for layoffs, and with Monday.com joining, the count has surpassed 20. - The founder of Patreon, which laid off 20% of its staff in the same week, wrote a post that did not mention AI but instead focused on what the company had failed to nurture properly. - Using AI as a reason for layoffs is akin to a way of softening the blow of management failure. - Honest explanations may be unfavorable in the short term but reduce the trust cost in future hiring.