Online Marketplace Fiverr To Lay Off 30% of Workforce In AI Push
- Reference: 0179273804
- News link: https://slashdot.org/story/25/09/15/2344215/online-marketplace-fiverr-to-lay-off-30-of-workforce-in-ai-push
- Source link:
> While it isn't clear what kinds of jobs will be impacted, Fiverr operates a self-service digital marketplace where freelancers can connect with businesses or individuals requiring digital services like graphic design, editing or programming. Most processes on the platform take place with minimal employee intervention as ordering, delivery and payments are automated.
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> The company's name comes from most gigs starting at $5 initially, but as the business grew, the firm has introduced subscription services and raised the bar for service prices. Fiverr said it does not expect the job cuts to materially impact business activities across the marketplace in the near term and plans to reinvest part of the savings in the business.
[1] https://www.reuters.com/technology/online-marketplace-fiverr-lay-off-30-workforce-ai-push-2025-09-15/
They can fire a bunch of people but (Score:2)
Inevitably they'll hire others to clean up the mess. And it's not going to make any of the AI providers turn a profit.
No experience of AI (Score:2)
So, no mention of testing the idea, no mention of new software, no mention of what exactly this AI will do, no mention of what human functions this AI will replace, no mention of results from a trial --- just a blind leap of faith. The company is clearly being run by snake-oil salesmen.
Let's start writing the next head line --- perhaps "Fiverr commits suicide by AI".
Re: (Score:2)
The company knows what it is doing. The "journalist" have no clue
It sounds like a smart move. (Score:3)
By my calculations they stand to save $1250.
Every loser company now claims cuts are AI thing.. (Score:2)
... while actually they business suffers and they must do the cuts...
but if they name it AI-efficiency - then it is win-win...
they reduce the workforce and they can pretend to be very advanced in AI technology instead of losing business as it actually happens...
*rolls eyes* (Score:2)
.
impact of AI on Fiverr's business model (Score:2)
I would surmise that advancements in AI have also filled much of the demand for simple tasks that can be done for a fiver.
Time to rename the company (Score:3)
About Tree Fiddy-er
You'll never guess who the new CEO is.
Re: (Score:3)
I won't even guess what this Fivver is, nevermind its CEO.
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it's just a gig economy site where people can charge $5 (or more, or i guess less...?) for whatever service they're advertising
some of it is people who are memes and who profit off being memes, but it seems like the vast majority is people stealing graphic design templates.
Re: (Score:2)
Thanks, I see, so it is a company without a product that is truly representative of nothing at all.
I guess the conclusion about the impending job market doom is justified then.
Re: (Score:2)
> Thanks, I see, so it is a company without a product that is truly representative of nothing at all.
> I guess the conclusion about the impending job market doom is justified then.
I kind of automatically assume that any company that can successfully replace a third of their workforce with AI is not doing anything meaningful. I mean, a company that does nothing but write crappy rehashed product reviews could pull it off, or a company that has no plans to innovate or grow could maybe do it by laying off all the sales/advertising people, but otherwise, it seems like a stretch.
So the question, then, is whether this company is genuinely circling the drain with nothing to lose or just has
Re: (Score:2)
Why not both?
Re: (Score:2)
The question was whether X or Y, not whether X xor Y :)
Re: (Score:2)
Hello, fellow old-time slashdotter.