Tech industry cut 38,242 jobs in May, worst since 2024
ID: b376f32d-9d78-5322-b7d5-4b51464a7ba1
STIX ID: report--b376f32d-9d78-5322-b7d5-4b51464a7ba1
Feed Name: CIO Security
The article excerpt reports that AI is increasingly cited as the primary reason for corporate layoffs, accounting for 38,579 of 97,006 job cuts tracked this year (40% of cuts observed in May). It gives examples of major technology-sector reductions at HPE, Oracle, and Meta and notes the trend of ongoing job cuts tied to AI.
Your team is not currently subscribed to this feed. You must subscribe to it in order to see this post.