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…
Tech companies laid off 38,242 workers in May, the highest monthly total in nearly two years, while simultaneously planning a 77% increase in AI infrastructure spending to $725 billion this year. Empl…
U.S.-based employers announced 97,006 job cuts in May, the highest May total since 2020, with the technology sector accounting for 38,242 of those cuts, outplacement firm Challenger, Gray & Christmas …
Despite headlines attributing mass layoffs to AI, data shows only 5% of 2025 layoffs were AI-driven, totaling 54,836 jobs. Companies like Block, Klarna, and IBM used AI as a cover story to justify cut…
U.S.-based employers announced 83,387 job cuts in April, a 38% increase from March but a 21% decline from the same month last year, according to Challenger, Gray & Christmas. Year-to-date cuts total 3…