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AI was the top reason cited for US job cuts for the third straight month in May

Getty ImagesEmployers cited AI for nearly 40% of May’s cuts — a share that’s kept climbing since Challenger began tracking it in 2023.With Corporate America finding plenty of ways to describe its AI-driven reinvention this year — from preparing for the “agentic era” to building businesses with “humans around the edge” — last month brought yet another unmistakable sign that AI has become the go-to explanation for layoffs, according to new data from Challenger, Gray & Christmas. In May, US employe...

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