Chime to cut 10% of total workforce on AI driven efficiencies

July 31 : Fintech Chime is cutting 10 per cent of its workforce, a spokesperson said on Friday, joining a growing list of companies using AI-driven efficiencies to streamline operations.The AI boom has increasingly reshaped corporate America's workforce and hiring strategies as companies look to turn hefty technology investments into productivity gains, changing how work is organized."AI is changing what's possible but requires new skills," Chime's CEO and co-founder Chris Britt wrote in a memo to employees seen by Reuters. "Smaller teams with fewer layers are moving faster than ever and getting more done," he said. The layoffs will affect nearly 150 employees, a Chime spokesperson told Reuters. The company had about 1,500 employees at the end of last year.Jack Dorsey's payments company Bl