The 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. So far this year, the industry has announced 123,653 cuts, up more than 65% from the same period in 2025.

AI overtook market and economic conditions as the leading reason companies cited for cutting jobs in May, according to the most recent report from Challenger, Gray and Christmas.

Year-ahead outlook ‘improved further’, according to AIB data, despite fears of job displacement from AI

Lay offs in the U.S. continue to make headlines as job cuts in the country were estimated highest since 2020.