bing news | ServiceNow's CEO said no layoffs. Then fired 63 employees in San Diego AI generated summary, Read the full article for complete information. ServiceNow CEO Bill McDermott had pledged to keep headcount steady, yet on June 12 2026 the company announced it was laying off 63 employees in its San Diego office and dozens more across California, with speculation that total cuts could rise to as many as 2,500 of its roughly 29,000 global staff. The layoffs, which primarily target senior sales, consulting and other roles vulnerable to AI automation, come as ServiceNow ramps up its generative‑AI offering—Now Assist is projected to bring in $1.5 billion of revenue this year—despite posting a 22% year‑over‑year revenue increase to $3.77 billion and a $469 million profit in Q1 2026. Investors remain skeptical, pointing to the modest AI earnings relative to rivals and causing the stock to tumble sharply after the earnings call. Read more: https://www.sandiegouniontribune.com/2026/06/12/servicenows-ceo-said-no-layoffs-then-fired-63-employees-in-san-diego/ #ServiceNow #BillMcDermott #Oracle #GinaMastantuono #NowAssist