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GitLab to Lay Off 350 Employees in AI Pivot

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GitLab GTLB -2.80%decrease; red down pointing triangle is cutting 350 full-time employees, about 14% of its total workforce, as part of a restructuring it floated last month.

The maker of software-development tools said weeks ago that layoffs were coming as it looked to remove layers of management from certain parts of its business and rework its research-and-development teams.

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