Angi Announces Workforce Reduction Due to AI-Enhanced Efficiency

Angi, which previously operated under the brand name Angie's List, is the newest firm to attribute staff reductions to the advent of artificial intelligence.

On Wednesday, Angi announced its decision to eliminate approximately 350 positions. This move is part of an effort to curtail operating costs while restructuring the organization for future growth. The company highlighted that these reductions are being made possible due to enhancements in efficiency brought about by AI innovations.

Documents filed with the SEC reveal that these cutbacks are expected to decrease annual expenses by a total ranging from $70 million to $80 million. However, the process to enact these layoffs will impose costs on Angi between $22 million and $30 million.

Originally launched in the 1990s, Angie's List served as a resource to assist homeowners in locating reliable contractors for tasks such as home improvements and yard maintenance. After rebranding to Angi in 2021, the company recorded a workforce of around 2,800 individuals by the close of 2024.

Numerous leaders in the technology sector, such as those from Amazon and Salesforce, have shown a trend towards substituting certain personnel with AI solutions in recent times.

Geoffrey Hinton, a prominent figure in the field of AI and often referred to as 'the godfather of AI,' has forecasted a significant increase in job displacement due to AI technologies by the year 2026.