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US Layoffs Skyrocket to Highest Level Since Pandemic as Tech Giants Blame AI for 40% of Cuts
(www.ibtimes.co.uk)
this post was submitted on 28 Jun 2026
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United States | News & Politics
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Overall consumer demand is drying up as people are getting squeezed from small wage gains and huge inflation. Low demand for goods and incessant demand for "stakeholder value" means cuts have to come. If they're not in quality, it's in overhead (staff) - or both.
And now bosses have excuses for cuts to both back-office and production staff - "automation" and "AI" respectively.