JUNE 4, 2026 AT 09:30 AM

US Challenger Job Cuts (May) 97.006K (Prev. 83.387K); May Job Cuts Rise 16% from April, the highest May total since 2020

ByNewsquawk Staff

AI drove May job cuts to 97,006, the highest May total since 2020, while tech cuts were the highest since 2023 and AI led the reasons for job cuts for a third month in a row.

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