Tech layoffs hit a five-year high in 2026, with 123,653 job cuts announced through May, a 66% year-over-year increase, as companies cite AI-driven efficiencies. Crypto firms including Dune and Crypto.…
Microsoft eliminated 4,800 roles, citing AI automation, joining a wave of tech layoffs that have cut 120,000 jobs in 2026. Oracle cut 21,000 employees, GitLab laid off 350 workers, and Google reduced …
A Federal Reserve Bank of St. Louis study found that a general shortage of job openings, not AI, is the primary driver of rising unemployment among 18- to 24-year-olds, with unemployment up 2.9 percen…
Microsoft is planning to lay off thousands of employees next week, cutting fewer than 5,500 roles from sales, consulting, and Xbox divisions, as concerns over AI spending mount. This marks the company…
US employers announced nearly 46,000 job cuts in June, down from 48,000 a year earlier, with artificial intelligence remaining the leading reason for layoffs, according to Challenger, Gray & Christmas…
Tech and finance firms are cutting thousands of jobs monthly while increasing AI spending, with Oracle cutting 21,000 jobs and AI cited as the top reason for layoffs for three straight months. Goldman…
U.S.-based employers announced 45,849 job cuts in June, down 53% from May and the lowest monthly total since December 2025, according to Challenger, Gray & Christmas. Technology led all sectors with 1…
American employers announced 97,006 job cuts in May 2026, the steepest monthly figure since January and the worst May since 2020, with artificial intelligence tied to 38,579 of the cuts, roughly 40% o…
Cisco plans to lay off 471 workers in three Bay Area offices, according to notices filed with California's Employment Development Department. The cuts come as the company restructures to prioritize in…
US layoffs surged to 97,000 in May, the highest for that month since 2020, with employers attributing 40% of cuts to artificial intelligence, according to Challenger, Gray & Christmas. Tech giants lik…
Major tech firms including Oracle cut over 21,000 jobs in 2026, with AI adoption cited as a key factor. U.S. employers announced 83,387 job cuts in April, 21,490 attributed to AI, according to Challen…
A Gallup study finds tech workers who rarely use AI face an 18% layoff risk, triple the 6% risk for monthly users, highlighting an AI literacy gap. Despite employer-side data attributing 40% of layoff…
Oracle disclosed a 21,000-employee workforce reduction over 12 months, citing AI adoption as a factor. Tech layoffs hit a record high in May 2026, with AI being the most-cited reason, as companies lik…
Tech companies have cut 150,000 workers in 2026 at a pace 44% faster than last year, with AI cited as the primary driver for three consecutive months. Junior developers are hit hardest, with employmen…
US employers announced 97,006 job cuts in May, the highest total for the month since 2020, with artificial intelligence cited as the top reason for layoffs for the third consecutive month. AI was blam…
Technology companies cut 38,242 U.S. jobs in May 2026, the highest monthly total for the sector since August 2024, according to Challenger, Gray & Christmas. The year-to-date total of 123,653 tech job…
U.S.-based employers announced 97,006 job cuts in May, a 16% increase from April and the highest May total since 2020, according to Challenger, Gray & Christmas. Technology led the cuts with 38,242, t…
US employers announced 97,006 job cuts in May, a 16% increase from April and the highest May total since 2020, according to Challenger, Gray & Christmas. S&P 500 futures slid following the release, wi…
U.S. employers announced 97,006 job cuts in May 2026, the highest May total since 2020, with 40% of those cuts attributed to artificial intelligence, according to a June 4 report from outplacement fir…
Companies cited artificial intelligence as the reason for 40% of 97,006 job cuts by US-based employers in May 2026, the highest monthly total since Challenger, Gray & Christmas began tracking AI-relat…