Quarterly revenue is expected at US$276 million to US$278 million, and the planned cuts appear linked to competition from Palo Alto Networks and CrowdStrike.

The people deciding that AI can replace your job are also the ones least likely to understand what your job truly involves, according to Box founder Aaron Levie, who pointed to this as an example of “AI psychosis.” Indeed, ClickUp recently cut 22% of its workforce for AI agents, tech layoffs in 2026 are already nearly matching all of 2025, […]

"CEOs are uniquely prone to AI psychosis," Box CEO Aaron Levie opines. Maybe that explains the almost religious belief in AI productivity gains.