US employers announced 97,000 job cuts in May — and AI was blamed for 40% of them

U.S.-based companies announced more than 97,000 planned job cuts in May, marking the highest level for the month since the pandemic-era layoffs of 2020, according to Challenger, Gray & Christmas (1).

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AI is part of this, but not the whole story: US employers announced 97,000 job cuts in May — and AI was blamed for 40% of them

AI-linked layoffs are surging, but the technology isn’t at the root of all recent job losses.