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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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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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zerohedge.com
Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years
In May, Artificial Intelligence (AI) led all reasons for job cuts for the third month in a row, with 38,579 announced cuts...
