The AI layoff wave is becoming a cover story
Tech companies are posting record profits while laying off tens of thousands of people and citing AI as the explanation. So far in 2026: 363 layoffs, nearly 150,000 people, 974 per day - 44% faster than last year, per TrueUp. May was the highest single month in two years. AI was the most cited layoff reason across every industry for the third month running.
