Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 2024, taking 2026's total so far to 123,653 cuts, up 65% YoY (Julia Fanzeres/Bloomberg)
Julia Fanzeres / Bloomberg:
Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 2024, taking 2026's total so far to 123,653 cuts, up 65% YoY — US technology companies in May announced the most job cuts in nearly two years as they ramp up spending on artificial intelligence.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Wow
0
Sad
0
Angry
0
Christopher Holloway
Christopher Holloway is the founder and director of Progressive Robot, a UK-based technology company. A full-stack engineer with more than two decades of experience, he works across PHP development, ecommerce, Linux infrastructure, technical SEO and AI automation, and writes here on technology, AI, hardware and software.
Comments (0)