{"id":226007,"date":"2026-06-04T10:24:00","date_gmt":"2026-06-04T14:24:00","guid":{"rendered":"https:\/\/testing.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":"2026-06-04T10:30:27","modified_gmt":"2026-06-04T14:30:27","slug":"ai-is-now-the-leading-reason-cited-for-layoffs-tech-has-lost-123000-jobs-this-year","status":"publish","type":"post","link":"https:\/\/testing.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":"<p><a href=\"https:\/\/www.forbes.com\/sites\/maryroeloffs\/2026\/06\/04\/tech-industry-loses-123000-jobs-this-year-ai-is-the-most-cited-reason-for-layoffs\/\">AI Is Now The Leading Reason Cited For Layoffs\u2014Tech Has Lost 123,000 Jobs This Year<\/a><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/maryroeloffs\/2026\/06\/04\/tech-industry-loses-123000-jobs-this-year-ai-is-the-most-cited-reason-for-layoffs\/\">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<p>Publish Date: <a href=\"publish_date]\">2026-06-04 10:24:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.forbes.com\">www.forbes.com<\/a><\/p>\n<ul>\n<li>In May 2026, U.S. employers reported the highest number of job cuts in one month with 97,006 positions lost, according to Challenger, Gray &amp; Christmas; the tech sector led with 38,242 job cuts, the largest monthly total since August 2024.<\/li>\n<li>AI became the primary reason cited for job cuts this year, with an estimated 87,714 cuts up to May 2026, overtaking market and economic conditions.<\/li>\n<li>Tech companies are the primary industry attributing job cuts to AI adoption, while also announcing 11,250 new positions in May 2026.<\/li>\n<li>Tech sector job cuts have surpassed 123,653 since January, a 66% increase compared to the same period last year.<\/li>\n<li>High-profile CEOs like Nvidia\u2019s Jensen Huang are criticizing the use of AI as a justification for layoffs, citing internal usage of AI leading to workforce reduction.<\/li>\n<li>Several major technology companies, including Meta, Cisco Systems, and Coinbase, have implemented significant layoffs citing AI advancements that reduce the need for some roles, although many employees are being redeployed within the company.<\/li>\n<li>Overall, this year has seen almost 50,000 layoffs reportedly connected to AI, and concerns are growing among experts and public opinion about the future impact of AI on employment. <\/li>\n<\/ul>\n<p>Please note this summary is derived from the information provided and does not include all the details and nuances of the developments.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI Is Now The Leading Reason Cited For Layoffs\u2014Tech Has Lost 123,000 Jobs This Year&#8230;<\/p>\n","protected":false},"author":1,"featured_media":226008,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/imageio.forbes.com\/specials-images\/imageserve\/6a0c5b6b5ebae5d82a465193\/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-226007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/226007"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=226007"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/226007\/revisions"}],"predecessor-version":[{"id":226009,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/226007\/revisions\/226009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/226008"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=226007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=226007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=226007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}