News

A number of stocks fell in the afternoon session after Anthropic released new models (Claude Fable 5 and Claude Mythos 5) which were described as built for "the hardest knowledge work and coding problems."

Tech companies are no longer just cutting jobs. Many are reshaping themselves for the age of artificial intelligence. GitLab, one of the most popular web-based software platforms used by software engineers as a code repository, security, and code deployment, has now joined the growing list of ...

A number of stocks fell in the afternoon session after the combination of rising oil prices, higher Treasury yields, and shifting rate expectations tightened the macro backdrop for corporate clients.

A number of stocks fell in the afternoon session after the combination of rising oil prices, higher Treasury yields, and shifting rate expectations tightened the macro backdrop for corporate clients.

DevSecOps platform provider GitLab (NASDAQ:GTLB) reported Q1 CY2026 results topping the market’s revenue expectations, with sales up 23.1% year on year to $264.2 million. The company expects next quarter’s revenue to be around $273 million, close to analysts’ estimates. Its non-GAAP profit of $0.23 per share was 12.3% above analysts’ consensus estimates.

GitLab (NASDAQ:GTLB) reported first quarter financial results that exceeded Wall Street expectations for revenue and earnings, but shares fell about 4% after the company announced a restructuring plan that includes workforce reductions and a smaller geographic footprint. Alongside its...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.40%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.08%. June E-mini S&P futures (ESM26 ) are down -0.48%, and June E-mini Nasdaq futures...

The company is reducing its workforce as it exits 22 countries, reduces management layers, and invests in its infrastructure to scale its platform.

GitLab (NASDAQ:GTLB) delivered stronger-than-expected first-quarter results for fiscal 2027, posting robust revenue growth and raising its full-year adjusted earnings outlook. However, investor sentiment remained cautious, sending the stock lower in premarket trading as the company outlined workforce reductions and issued guidance that pointed to slower revenue growth ahead.

(Updates to add job cuts in paragraph 5 and 6) GitLab (GTLB) reported Tuesday Q1 adjusted earning

GitLab stock rises after the software company reported better-than-expected fiscal first-quarter earnings and raised full-fiscal year guidance.

GitLab (GTLB) has launched an extensive restructuring for what it calls the agentic era, with sizable job cuts, fewer management layers, and more AI powered processes, while reaffirming fiscal 2027 guidance. See our latest analysis for GitLab. GitLab’s share price has been volatile, with a 1-day share price return of 4.69% after the restructuring news, a 30-day share price return of 10.46%, but a year to date share price return down 34.60% and a 1-year total shareholder return down 54.05%...

The tech sector’s relentless restructuring wave has claimed another major player, pushing 2026’s total workforce reductions to a grim milestone, as companies continue to reallocate capital towards automated systems. GitLab, an open-source web platform crucial to engineers for securely storing code, ...

GTLB stock fell following a workforce reduction announcement and analyst downgrade.

GitLab, ticker NasdaqGS:GTLB, has launched a global restructuring plan called "GitLab Act 2" focused on preparing for AI driven software development. The plan includes workforce reductions, exiting countries with smaller teams, flattening management layers, and reorganizing R&D into smaller autonomous teams. Management intends to reinvest savings from these changes into AI capabilities and growth initiatives across its DevSecOps platform. For investors watching NasdaqGS:GTLB, this...

Investing.com -- Raymond James downgraded GitLab to “Market Perform” from “Outperform,” citing growing concerns over the software firm’s sweeping internal restructuring plans and weakening growth trends.

Investing.com -- Gitlab Inc (NASDAQ:GTLB) shares fell 8.2% in after-hours trading Monday following the company’s announcement of a significant workforce reduction. The software development platform disclosed the plan in an 8-K filing, labeling the shift as "GitLab Act 2" to prepare for the "agentic era" of AI-driven engineering. The company reaffirmed its first-quarter and full-year fiscal 2027 guidance, originally issued on March 3. Management expects quarterly revenue between $253 million and

GitLab Inc. recently announced a deeper integration of Anthropic's Claude AI models into its GitLab Duo Agent Platform, giving enterprises governed access to the latest Claude capabilities via Google Cloud and AWS Bedrock and adding GitLab credits to the Claude Marketplace for streamlined AI spending. This move meaningfully tightens the link between GitLab’s DevSecOps platform and leading foundation models, potentially making AI-driven governance, compliance, and toolchain consolidation more...