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GitHub rival shuts offices, cuts 100s of workers
TheStreet67d agobearish
GitHub rival shuts offices, cuts 100s of workers

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 ...

GitLab (GTLB) Valuation Check After Earnings Beat Restructuring And AI Platform Updates
Simply Wall St.69d agoneutral
GitLab (GTLB) Valuation Check After Earnings Beat Restructuring And AI Platform Updates

GitLab (GTLB) drew fresh attention after reporting first quarter results that topped revenue and earnings expectations, while also announcing a sizable restructuring that will cut about 14% of its global workforce. See our latest analysis for GitLab. After initially jumping on the earnings beat and restructuring news, GitLab’s 1-day share price return fell 5.83% to US$31.82. Its 7-day and 30-day share price returns of 18.86% and 32.31% suggest short term momentum, which contrasts with a...

GitLab Q1 Earnings Call Highlights
MarketBeat70d agoneutral
GitLab Q1 Earnings Call Highlights

GitLab (NASDAQ:GTLB) reported first-quarter fiscal 2027 revenue of $264 million, up 23% year over year, as executives pointed to enterprise demand, growth in dedicated deployments and early traction for its agentic AI products. Chief Executive Bill Staples said the quarter reinforced management’s v

Broadcom Earnings, Jobs Report: What to Watch This Week
The Wall Street Journal70d agoneutral
Broadcom Earnings, Jobs Report: What to Watch This Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Jobs Report, Broadcom Earnings: What to Watch This Week
The Wall Street Journal71d agoneutral
Jobs Report, Broadcom Earnings: What to Watch This Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Tech giants are using a new buzzword to rebrand restructuring
TheStreet87d agobearish
Tech giants are using a new buzzword to rebrand restructuring

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, ...

Cisco Stock Soars on Plan to Cut Staff in Favor of AI Spending
The Wall Street Journal89d agobullish
Cisco Stock Soars on Plan to Cut Staff in Favor of AI Spending

Shares in Cisco Systems (CSCO) surged premarket after the company laid out plans to cut thousands of jobs to free up cash for artificial intelligence. In announcing it plans to shed about 5% of its workforce just this quarter, Cisco joins a number of companies making drastic cuts to adapt to the AI era—most recently GitLab (GTLB), which made headlines earlier this week when it outlined plans to shrink its footprint and headcount, scrap layers of management and use AI to automate certain functions. Cisco shares are up about 18% ahead of the opening bell.

Karooooo Ltd. (KARO) Lags Q4 Earnings Estimates
Zacks90d agoneutral
Karooooo Ltd. (KARO) Lags Q4 Earnings Estimates

Karooooo (KARO) delivered earnings and revenue surprises of -14.28% and +1.59%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?

Investing.com92d agobearish
GitLab announces restructuring plan, shares slide

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