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Or sign-in if you have an account.The job cuts jibe with recent high-profile, AI-related workforce reduction plans announced by companies including Meta Platforms Inc., Intuit Inc. and Cisco Systems Inc. Photo by NOAH BERGER/AFP via Getty ImagesSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe tech sector said last month it planned to eliminate 38,242 positions, the most since August 2024, according to data from outplacement firm Challenger, Gray & Christmas Inc. So far this year, the industry has announced 123,653 cuts, up more than 65 per cent from the same period in 2025.Total private-sector job cut announcements, meanwhile, were down seven per cent over the past five months versus the same period a year earlier, reinforcing the picture of an ongoing “low-hire, low-fire” environment in most industries.FP Work touches on HR strategy, labour economics, office culture, technology and more.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Work will soon be in your inbox.We encountered an issue signing you up. Please try again“The labour market is being reshaped by technology in real time,” said Andy Challenger, the company’s chief revenue officer. “AI is now the leading reason companies give for cutting jobs.”The figures jibe with recent high-profile, AI-related workforce reduction plans announced by companies including Meta Platforms Inc., Intuit Inc. and Cisco Systems Inc. Filings for unemployment insurance, however, haven’t meaningfully increased despite the slew of layoff announcements, which have mostly been targeted at white-collar positions.While tech firms announced the most cuts, they also boasted the biggest hiring plans of any sector, according to the Challenger report. Across all sectors, U.S. employers have announced 80,472 planned hires so far this year, the figures showed — better than in 2024 and 2025 but still well below totals for the same period in each year from 2019 to 2023.The government’s monthly jobs report, due Friday, is expected to show U.S. employers added 85,000 jobs in May, which would cap the strongest three-month stretch of job gains in more than a year. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.