The technology was tied to a record 38,579 U.S. layoffs in May, accounting for 40% of all job cuts for the month.
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The technology was tied to a record 38,579 U.S. layoffs in May, accounting for 40% of all job cuts for the month.
Published June 5, 2026
Brian Armstrong, CEO of Coinbase, speaks on the currency of the future on Oct. 23, 2019, in Beverly Hills, Calif. The company announced last month that it was cutting 14% of its workforce due in part to AI.
Here are all the major tech companies that have blamed job cuts on artificial intelligence so far this year.
The crypto exchange has joined the bull market for blaming cuts on AI.
US tech companies cut over 38,000 jobs in May 2026, the highest since August 2024, as AI becomes the top reason for layoffs amid…
AI overtook market and economic conditions as the leading reason companies cited for cutting jobs in May, according to the most…
Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how…
For the second month in a row, AI led all reasons for U.S. job cuts across sectors in April, accounting for 26% of total layoffs.
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US tech layoffs record single-highest month in two years, and more than any other sector — nearly 40,000 get the axe, AI the most cited reason for layoffs
U.S. tech sector announces most job cuts in nearly two years
CEOs blame AI for layoffs, but an MIT professor says it fits a long-running pattern to find a cover story. 'They've been saying that for 20 years' | Fortune
Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years
