International Economic

US job cuts jump to 97,000 in May as AI‑related layoffs surge

By Iain Gilbert

Date: Thursday 04 Jun 2026

(Sharecast News) - US employers announced 97,006 job cuts in May, according to Challenger, Gray & Christmas, up from 83,387 in April for the highest monthly total since January.
It also marked the third consecutive monthly increase and the largest May figure since 2020, with artificial intelligence cited as the leading...

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