{"id":264014,"date":"2026-06-04T10:24:00","date_gmt":"2026-06-04T14:24:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/04\/ai-is-now-the-leading-reason-cited-for-layoffs-tech-has-lost-123000-jobs-this-year\/"},"modified":"2026-06-04T10:45:42","modified_gmt":"2026-06-04T14:45:42","slug":"ai-is-now-the-leading-reason-cited-for-layoffs-tech-has-lost-123000-jobs-this-year","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/04\/ai-is-now-the-leading-reason-cited-for-layoffs-tech-has-lost-123000-jobs-this-year\/","title":{"rendered":"AI Is Now The Leading Reason Cited For Layoffs\u2014Tech Has Lost 123,000 Jobs This Year"},"content":{"rendered":"

AI Is Now The Leading Reason Cited For Layoffs\u2014Tech Has Lost 123,000 Jobs This Year<\/a><\/p>\n

https:\/\/www.forbes.com\/sites\/maryroeloffs\/2026\/06\/04\/tech-industry-loses-123000-jobs-this-year-ai-is-the-most-cited-reason-for-layoffs\/<\/a><\/p>\n

Publish Date: 2026-06-04 10:24:00<\/a><\/p>\n

Source Domain: www.forbes.com<\/a><\/p>\n

MAY 25, 2026<\/span>U.S. employers cut a total of 97,006<\/strong> jobs in May, the most recent Challenger report found, and the tech sector leads with 38,242<\/strong> job cuts\u2014the most in a single month for the sector since August 2024.<\/p>\n

AI is now the leading reason cited for job cuts\u2014responsible for an estimated 38,579<\/strong> in May and 87,714<\/strong> year-to-date\u2014overtaking market and economic conditions, closures and restructuring.<\/p>\n

Tech is also the \u201cprimary industry\u201d citing AI for job cuts, Challenger said, but it\u2019s also the industry with the most new hiring plans\u2014announcing 11,250<\/strong> new positions in May.<\/p>\n

The tech sector has cut a total of 123,653<\/strong> jobs since January, up 66% from last year during the same period.<\/p>\n

MAY 25, 2026<\/span>Nvidia CEO Jensen Huang called CEOs who blame AI for layoffs “lazy” and said it doesn’t make sense from a businesses perspective that companies are already utilizing AI to such an extent people are being replaced: “I really hate that,” he said.<\/p>\n

MAY 20, 2026<\/span>Cloudflare CEO Matthew Prince blames artificial intelligence for the decision to cut 20% of its global workforce, or 1,000<\/strong> people, earlier this month, writing in an op-ed that the company has massively increased AI use in recent months and as a result, not longer needed middle managers, operations experts or parts of its auditing, finance, legal and compliance divisions.<\/p>\n

MAY 18, 2026<\/span>Meta, which will lay off 10% of its workforce Wednesday in a previously announced cut to jobs, tells 7,000 <\/strong>employees they will be reassigned to focus on artificial intelligence initiatives that \u201cwill make us more productive and make \u2060the \u200bwork more rewarding,\u201d Janelle Gale, Meta\u2019s head of human resources, said in an internal memo.<\/p>\n

MAY 13, 2026<\/span>Cisco Systems announces it will cut 4,000<\/strong> jobs and openly admits the layoffs are due to AI adoption at the company.<\/p>\n

MAY 11, 2026<\/span>General Motors lays off between 500 and 600<\/strong> information technology workers and while the company declined to comment on if AI played a role when asked by CNBC, one unnamed…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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