Angi is slimming down its ranks in a big way, and it is pointing straight at artificial intelligence as the reason. The Denver-based home-services technology company plans to cut roughly 350 jobs as it reorganizes its operations around AI tools, a move that hits staff across its national footprint and lands squarely in the middle of a broader tech trend of invoking automation when trimming payrolls.
What the company disclosed
In a U.S. Securities and Exchange Commission Form 8-K filed on Jan. 7, Angi said it plans to reduce its global workforce by “approximately 350 employees” and tied the move directly to “AI-driven efficiency improvements.” The company estimated one-time restructuring charges of $22 million to $30 million and projected annual run-rate savings of $70 million to $80 million. The filing states the reduction is expected to be substantially complete during the first quarter of 2026.
Denver footprint and office changes
Angi is headquartered in Denver’s River North neighborhood at The Hub, 3601 Walnut St. The company has already been shrinking its physical presence there. Bisnow reported that Angi vacated one of three floors at the building and cut its leased footprint by roughly one-third as it adjusted its hybrid-work policies.
How big the company is
According to its annual filings, Angi employed about 3,800 people worldwide at the end of 2023, with most of those workers based in the United States. Against that backdrop, trimming roughly 350 jobs represents a significant slice of the headcount and suggests that teams across product, sales, and customer support could feel the impact.
AI as explanation or cover?
Analysts note that “AI” has become a go-to explanation for layoffs, even when the underlying reasons are more complicated. The Associated Press reports that economists caution it is hard to cleanly separate automation-driven job losses from broader cost-cutting strategies, and that some companies are simultaneously eliminating roles while shifting resources into AI-focused positions.
Local outlets quickly picked up on Angi’s disclosure. 9News aired a segment on Feb. 5 that framed the cuts in the context of Denver’s tech scene and the ongoing pressure on office markets…