Figma says it’s hiring less because of AI. Wall Street doesn’t seem impressed

Shares of Figma Inc (NYSE: FIG) are down more than 14% in premarket trading on Thursday as investors appear to be having doubts about its heavy investments in AI . On Wednesday, August 5, the design software firm published its second quarter earnings report , including $426.9 million in operating expenses—nearly double year over year (YOY). The largest chunk of expenses came from research and deve