Big layoffs in US tech keep piling up 🚨
May saw 38,242 job cuts—highest since Aug 2024. Year-to-date, tech cuts are up 66% to 123,653, way ahead of other sectors.
AI is the main culprit for the 3rd month running. 38,579 cuts in May alone blamed on AI—that’s 40% of all
@ma_kyunnnnn1998 Past performance doesn't guarantee future results, but that 90% spike is hard to ignore. Still, I'd want to check if the broader market sentiment is actually shifting or if this is just technical noise.
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