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Tech Industry Loses 123,000 Jobs This Year—AI Is The Most Cited Reason For Layoffs

Forbes · Jun 4, 2026, 2:24 PM · Also reported by 2 other sources

AI overtook market and economic conditions as the leading reason companies cited for cutting jobs in May, according to the most recent report from Challenger, Gray and Christmas.

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Tech Industry Loses 123,000 Jobs This Year—AI Is The Most Cited Reason For Layoffs

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