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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.
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tomshardware.com
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…
Challenger data shows tech leading both layoffs and hiring.
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Firms on AI spending spree: US tech companies cut most jobs in nearly 2 years
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…
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latercera.com
Empresas de EE.UU. aplican mayores despidos para un mes de mayo en 6 años debido a la IA - La Tercera
De acuerdo a un reporte de Challenger, Gray & Christmas las compañías de Estados Unidos informaron el mes pasado de 97.006 despidos, un 16% más que en abril y un 3% superior en…
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cryptobriefing.com
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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computerworld.com
Tech industry cut 38,242 jobs in May, worst since 2024
And 40% of job cuts across all industries were blamed on AI that month.
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qz.com
U.S. tech sector hits two-year high for job cuts in May 2026
AI was cited as the top reason for layoffs for the third straight month, accounting for 40% of all May cuts
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cnbc.com
'AI is now the leading reason companies give for cutting jobs,' says new report—what that means for workers
Many companies are "changing how they are allocating resources" in response to AI, according to Glassdoor chief economist Daniel Zhao.
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US technology companies announce 38,000 job cuts amid AI spending spree
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 $725B in planned spending.
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newsbytesapp.com
AI now top reason for layoffs in US
AI-driven job cuts in the US have skyrocketed, surpassing 2024 and 2025 combined, with the technology sector facing the brunt of these unprecedented workforce reductions.