Translation software company DeepL plans to downsize 25%, CEO due to AI bringing about a huge structural change

DeepL announced a planned reduction of approximately 251 TP3T, i.e., some 250 employees, currently slightly over 1,000. CEO Yaroslaw Kutilovsky claims that the reason for this lay-off is "a huge structural transformation" brought about by AI, and that making companies work more effectively with AI requires reducing levels, accelerating decision-making and reducing time for repeated communication. The current trend of lay-offs in the technology industry is accelerating, the AI tool replacement programmer is part of the job, and technology companies are shifting their resources to their own AI products, such as Meta and Microsoft. DeepL, founded in 2017, was a competitor of Google Translators and now faces competitions like ChatGPT. In 2024, DeepL completed $300 million in financing, valued at $2 billion, and considered going to the United States。