‘Not a cost-cutting exercise’: CEO Bill Staples as GitLab plans to cut jobs, reinvest in AI agents

▤ Summary

GitLab announced it will cut jobs to free up funds to invest in AI agents and accelerate work in the 'agentic era.' CEO Bill Staples said the reductions are "not a cost-cutting exercise" and that the vast majority of savings will be reinvested into the business. The company will remove management layers, reorganize R&D, reduce the number of countries it operates in, and automate internal reviews and handoffs with AI agents. Staples did not specify the number of roles to be eliminated and plans to provide more details at the June 2 quarterly earnings report; shares fell more than 8% in after-hours trading.

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GitLab Inc.

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