Samwise High Tech Recruiting Newsletter
Sunday, August 2, 2026
Chime Cuts 10% of Workforce in AI-Driven Efficiency Restructuring
Fintech company Chime Financial is cutting roughly 150 employees, or about 10% of its approximately 1,500-person workforce, citing gains from artificial intelligence tools. CEO and co-founder Chris Britt said in an internal memo that “AI is changing what’s possible but requires new skills” and that “smaller teams with fewer layers are moving faster than ever and getting more done.” Chime went public on Nasdaq in June 2025 and reported its first-ever quarter of GAAP profitability in Q1 2026, posting $53 million in net income on $647 million in revenue. The AI-efficiency rationale mirrors restructuring language used by Visa, Block, and Mastercard in 2026.
Sources: Bloomberg, Reuters via Yahoo Finance
Survey: Nine in Ten Employers Use AI to Screen Candidates, Yet Most Penalize Applicants Who Do the Same
A new report from Resume Genius found that 87% of hiring managers now use AI in at least one recruitment stage, most commonly to screen resumes and match candidates to roles. Yet 82% say they are concerned about candidates using AI to apply, and 86% believe AI will make it harder to verify whether applicants’ materials genuinely reflect their skills. Only 35% of hiring managers say their company always discloses when AI is used to evaluate candidates. Career expert Eva Chan of Resume Genius said: “Employers can’t have it both ways. They use AI to screen resumes and write job postings, so candidates should be allowed to use it too.”
Sources: CPA Practice Advisor
ServiceNow Plans to Eliminate Up to 1,000 Jobs in Global Workforce Rightsizing
ServiceNow confirmed it will cut up to 1,000 jobs, roughly 3% of its approximately 30,000-employee global workforce, as the enterprise software company integrates three recently acquired companies: Moveworks, Veza, and Armis. The reductions, described as a “planned rightsizing,” are being phased over several months with severance packages and outplacement support offered to departing staff. The company entered 2026 with roughly 29,000 employees and said it aims to end the year at approximately the same headcount, meaning the cuts are intended to offset hiring in other areas. ServiceNow did not explicitly cite AI as a driver of the reductions.
Sources: Reuters via Yahoo Finance
Two-Thirds of U.S. Employers Plan to Expand Permanent Hiring in Second Half of 2026
Sixty-six percent of U.S. employers said they plan to increase permanent hiring during the second half of 2026, up from 60% in the first half of the year and 57% one year ago, according to Robert Half research released July 29. The talent solutions firm surveyed more than 2,000 hiring managers. Among industries, technology reported the strongest expansion intent at 78%, followed by healthcare at 75% and finance and accounting at 74%. Despite the optimism, 58% of respondents said finding qualified workers is more difficult than it was a year ago, with 63% reporting significant project delays from skills shortages.
Sources: WorldatWork
Visa Eliminates 2,600 Technology and Product Roles as CEO Cites AI Reshaping Payments Work
Visa plans to eliminate roughly 2,600 positions, about 7% of its approximately 34,100-person workforce, with cuts centered on its technology and product operations. Affected employees began receiving notifications on July 29. CEO Ryan McInerney said in an internal memo that artificial intelligence is “shaping the way work gets done at Visa,” though the company indicated AI was not the sole driver. Visa intends to reinvest in growth areas including affluent customers, cross-border payments, business remittances, and geographic expansion. The payments network reported record revenue in its most recent fiscal quarter. Bloomberg News first reported the planned reductions on July 28.
Sources: CNBC
Curated by JD · samwise.agency
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