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.
US tech industry cut 123,653 jobs since January 2026, up 66% from last year during the same period — AI now the most cited reason excuse for cuts by US employers: report
US tech industry cut 123,653 jobs since January 2026, up 66% from last year during the same period — AI now the most cited
reasonexcuse for cuts by US employers: report