Online marketplace Fiverr to lay off 30% of workforce in AI push

🎯 Impact Sentiment: Concerning

📋 Summary

• Fiverr announced it will cut 30% of its workforce, affecting about 800 employees, as part of a major shift towards artificial intelligence solutions.
• The company said these layoffs are necessary to streamline operations and invest more heavily in AI technologies.
• Fiverr believes AI has changed how customers use freelance platforms, prompting the need for significant restructuring.
• The move comes as Fiverr's revenue growth has slowed, pushing leadership to adapt quickly to new market realities.

💡 JR Insights

• 💼 Implication: This is a sharp warning sign for anyone in platform-based freelance work—AI adoption isn't just automating tasks, it's triggering deep workforce cuts and reshaping business strategies.
• 🚨 Risk: Workers who depended on Fiverr for steady income now face uncertainty, and freelancers could see less platform support or fewer opportunities as AI handles more transactions and client interactions.
• ✨ Takeaway: If your career relies on gig platforms, now's the time to upskill fast and diversify your income streams—AI isn’t just changing how platforms work, it’s directly reducing traditional job security.