Top Stories
All Sections
Finance
About
17 results for "layoffs"
Challenger, Gray & Christmas reports nearly 50,000 U.S. job cuts in 2026 are directly tied to AI — 17% of all layoffs — with entry-level roles disproportionately targeted as firms quietly stop hiring junior workers rather than making headline layoff announcements.
Companies have linked nearly 50,000 layoffs to AI in 2026, but economists warn the bigger story is a collapse in entry-level hiring that isn't showing up in standard layoff data.
Tech companies have cut 142,000 jobs in 2026 while committing roughly $700 billion to AI infrastructure — with entry-level software engineering jobs down nearly 20 percent and profitable companies explicitly tying layoffs to AI investment acceleration.
Meta cut 8,000 employees as part of an AI restructuring that pushed 2026 tech sector layoffs past 100,000 globally — nearly half explicitly linked to AI adoption.
37% of business leaders plan to replace human employees with AI by end of 2026, largely by not replacing departing workers — a silent downsizing that labor statistics are not yet capturing.
Cisco is eliminating nearly 4,000 jobs as it pivots to AI infrastructure, on the same day it reported record revenue of $15.8 billion and raised its AI order forecast to $9 billion.
LinkedIn is eliminating ~900 jobs — 5% of its workforce — as Microsoft pushes the platform to accelerate AI-powered hiring products that have already crossed $450M in annual recurring revenue.
73% of hiring directors use AI to manage applications, 65% say AI rejected applicants before human review, and 52% use AI data to drive layoff decisions — with most workers unaware any of it is happening.
General Motors cut more than 600 IT workers and is replacing them with AI engineers and data scientists — and called it a skills swap publicly.
Yale SOM researchers find AI's most damaging near-term labor impact is not mass layoffs but a silent contraction in entry-level hiring — companies let AI handle junior tasks and simply don't backfill the headcount.
Freshworks CEO says AI now writes more than half the company's code as the firm lays off 500 employees — one of the clearest admissions of AI-driven headcount reduction in software.
Yale's Budget Lab analyzed March 2026 CPS data and found no measurable economy-wide labor disruption from AI — raising sharp questions about whether companies citing AI for layoffs are engaging in AI-washing.
The U.S. tech industry eliminated ~80,000 jobs in Q1 2026, with 47.9% formally attributed to AI — the first quarter AI is the plurality cause of tech-sector layoffs.
Meta and Microsoft announced roughly 20,000 job cuts in a single week—and new data shows AI and automation now account for nearly half of all tech-sector layoffs.
Global tech layoffs reached 73,000 jobs through April 2026, with companies explicitly citing AI-driven restructuring — and a Gallup survey finding 18% of U.S. workers believe their job will be eliminated by AI within five years.
Goldman Sachs data shows AI is eliminating 16,000 US positions per month, with Gen Z disproportionately exposed through their concentration in routine white-collar roles — and 48% of Q1 2026 tech layoffs now explicitly attributed to AI by employers.
AI is eliminating roughly 16,000 U.S. jobs every month, and Generation Z workers are absorbing a disproportionate share of that displacement — because they are concentrated in exactly the roles AI automates first.