U.S.-based employers announced 97,006 job cuts in May, marking the highest level for that month since 2020 and a 16% increase from April. According to a report from Challenger, Gray & Christmas, the technology sector remains the leading sector for staff reductions. Notably, artificial intelligence was cited as a driver for 40% of the total workforce reductions announced.
U.S. employers announced over 97,000 job cuts in May, with artificial intelligence emerging as a primary driver for workforce restructuring for three straight months.
Read the full storyUS employers announced 97,006 job cuts in May, with artificial intelligence cited as a primary driver for 40% of the total reductions.
U.S. employers announced 97,006 job cuts in May, with the technology sector leading reductions as firms restructure for Artificial Intelligence integration.