Technology companies announced 38,242 job cuts in the US in May 2026, the highest monthly total for the sector since August 2024, according to research by employment placement company Challenger, Gray & Christmas. So far this year the company has observed 123,653 US technology job cuts, a rise of 66 percent from the same period in 2025.
These figures represent the third successive month that there has been an increase in job layoffs across all sectors, the company said.
“The labor market is being reshaped by technology in real time. AI is now the leading reason companies give for cutting jobs and the primary industry citing it is technology,” said Andy Challenger, chief revenue office at Challenger, Gray and Christmas.”
AI was blamed for 38,579 of the 97,006 job cuts announced across all industries tracked by the company. It accounted for 40% of the cuts observed in May, up from 7% in January.
This year has already seen some major layoffs in technology. In March, HPE slashed 2,500 jobs
Forget “Florida Man.” Want to hear a California Man story?
Here goes.
A California man rolled up to a yoga studio in San Francisco’s Marina District in a self-driving Waymo car, walked into the studio, grabbed an armful of yoga shorts, got back in the Waymo and took off.
Six months later, police still haven’t found him, according to a story this week in The San Francisco Chronicle. Since the rider’s credit card information didn’t lead to an arrest, we can assume the perp used a stolen phone’s Waymo account and financial information to hail the ride. And by the time police requested interior video of the man’s face, Waymo had already deleted it.
This is a “California Man” story in part because of the association of Waymo with the city of San Francisco. Soon that association will be obsolete. (In fact, while Waymo is headquartered in San Francisco and is more visible there, Arizona got Waymos two years before San Francisco did.)
At the moment, Waymos are publicly available to riders
AI's growing influence prompts regulatory focus, impacting global collaboration, investment strategies, and market dynamics significantly.
The post US Treasury Secretary Bessent meets with LLM labs in San Francisco appeared first on Crypto Briefing.
AI's growing influence prompts regulatory focus, impacting global collaboration, investment strategies, and market dynamics significantly.
The post US Treasury Secretary Bessent meets with LLM labs in San Francisco appeared first on Crypto Briefing.
The restart of Three Mile Island could signal a shift towards nuclear energy as a viable clean power source, driven by tech industry demand.
The post Constellation Energy advances plans for 2027 Three Mile Island restart appeared first on Crypto Briefing.
SAN FRANCISCO, June 2, 2026 — The Center for AI Safety (CAIS), a nonprofit focused on reducing societal-scale risks from artificial intelligence, today announced the appointment of Devin Kim as its […]
The post Center for AI Safety Expands Leadership, Creates National Security-Focused AI Institute appeared first on AIwire.
