The Bureau of Labor Statistics reported this month that employment in “information,” a rough proxy for the tech sector, has declined 11% from a peak in 2022.

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.

The Bureau of Labor Statistics reported this month that employment in “information,” a rough proxy for the tech sector, has declined 11% from a peak in 2022.