Vista had told investors in the firm’s funds that its workforce would fall significantly as a result in the coming years. Illustration: iStockPrivate equity group Vista Equity Partners has told investors that it plans to cut its workforce significantly, using artificial intelligence (AI) tools either to replace operational roles, some junior analysts and investor relations workers, or expand without hiring new staff. Vista had told investors in the firm’s funds that its workforce would fall significantly as a result in the coming years, the people said. Vista wants its portfolio companies to build so-called AI agents that can automate tasks with minimal human intervention. Such changes could help offset pressure on revenues for software companies if AI enables their customers to reduce staff numbers.
