Big US companies set to lay off at least 52,000 workers as jobs market cools
Employers look to cut down on costs as they accelerate investments in AI
Employers look to cut down on costs as they accelerate investments in AI

Cuts will bring total number of lay-offs to 30,000 over past three months amid higher spending on AI

Numerous new data points to further weakness in labour market

Companies are preparing for a time where there might be less work for their employees

Job losses come as chief executive oversees a cost-cutting drive amid increased AI spending

Recent cuts mark end of job security for high-earning knowledge workers whose ranks grew since pandemic

Governor Chris Waller says he would back March rate cut if there are further signs of weakening in labour market