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US challenger job cuts rise to 97K in May as S&P 500 futures slide on labor data
US employers announced 97,006 job cuts in May 2026, the highest since 2020, driven by AI restructuring. S&P 500 futures dropped on the Challenger data
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forbes.com
AI Is Now The Leading Reason Cited For Layoffs—Tech Has Lost 123,000 Jobs This Year
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.
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economictimes.indiatimes.com
Job cuts in U.S: Lay offs total over 97,000 in May, highest in six years. Check what is disrupting jobs market
Lay offs in the U.S. continue to make headlines as job cuts in the country were estimated highest since 2020.
