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Companies name AI as top reason for job cuts for second straight month
Employers attributed 21,490 planned layoffs to artificial intelligence and automation, more than a quarter of April job cuts, Challenger, Gray & Christmas said.
- On Thursday, Challenger, Gray & Christmas reported 83,387 layoffs in April, a 38 percent increase from March, with artificial intelligence cited as the leading driver for the second consecutive month.
- Technology companies continue to lead all industries in job cuts, with major firms including Google, Amazon, and Meta pouring billions into AI data centers; Meta announced it would slash about 10 percent of its workforce.
- Employers attributed 21,490 planned layoffs in April specifically to AI and automation, accounting for over 26 percent of all cuts, while the government sector announced 9,149 and the pharmaceutical industry reported 7,440.
- Hiring plans plummeted 69 percent from March to about 10,000 planned positions, a 38 percent decline from last April, as the firm concluded hiring will remain muted amid multiple economic factors.
- An April survey found 18 percent of U.S. workers fear their jobs could be eliminated by new technology within five years, though some experts caution companies may be overstating AI's role to justify broader cost-cutting.
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The IndependentReposted by 
The Independent (US)
The Independent (US)Companies blame AI for job cuts for second month in a row
In April, American employers announced 83,387 layoffs — a 38 percent increase from March
·London, United Kingdom
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Companies name AI as top reason for job cuts for second straight month: Analysis
Companies are increasingly citing artificial intelligence as justification for layoffs, according to a new analysis highlighting growing concerns about AI’s impact on the workforce. U.S.-based employers announced 83,387 job cuts in April, a 38 percent increase from March, according to a report released Thursday by Challenger, Gray & Christmas. Layoffs were still down 21 percent...
·Washington, United States
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Total News Sources15
Leaning Left2Leaning Right0Center13Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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