More Automation Leads Job Numbers For May

U.S. employers announced 83,387 layoffs in April, up 38% from March, according to Challenger, Gray and Christmas.

Automation was the top cited reason for the cuts, with AI increasingly tied to workforce reductions.

Technology companies led the layoffs, and heavy AI spending is being linked to continued job cuts at firms like Meta, Amazon, Microsoft, and Alphabet.

The trend could make the job market tougher for new graduates and workers seeking entry-level roles.