The financial news that actually matters
Covers company layoffs, job cuts, business closures, and restructuring events. It explains how these changes affect employees, industries, and local economies.
Workers across the American tech sector absorbed the sharpest round of job cuts the industry has seen in nearly two years during May, when employers announced 97,006 reductions nationwide. The tech sector alone accounted for 38,242 of those cuts, roughly 39 percent of the total, concentrating pain in an industry that had been among the…
Meta eliminated roughly 8,000 positions this week in its largest single round of layoffs since early 2023. About 7,000 employees who survived the cuts received new assignments: build the artificial intelligence systems that rendered their former colleagues unnecessary. Another 6,000 open positions will go unfilled, pushing the total headcount reduction to roughly 14,000. The layoffs…
American employers put 83,000 planned job cuts on the record in April, the highest single-month total since January’s 92,000 and a sharp jump from March, according to data released by outplacement firm Challenger, Gray & Christmas. “The April number is elevated, but it is important to remember that a single large restructuring can distort an…
The number ticked past 113,000 sometime around the last week of May 2026. That is how many technology workers in the United States have been laid off since January 1, according to the company-by-company database maintained by Layoffs.fyi, the independent tracker whose data is regularly cited by The Wall Street Journal, The New York Times,…
When outplacement firm Challenger, Gray & Christmas released its May 2025 jobs report, one number jumped off the page: 21,490. That was the count of positions U.S. employers said they eliminated because of artificial intelligence in April alone, the highest single-month AI-linked total since the firm began tracking the category. It also marked the third…
In April 2026, American employers told 21,490 workers that artificial intelligence was the reason their jobs no longer existed. That single-month figure, compiled by outplacement firm Challenger, Gray & Christmas from publicly announced layoffs, pushed AI past traditional cost-cutting as the most-cited cause of job loss for the first time in the firm’s 30-plus years…
Somewhere in the stack of 132,000 severance notices that technology companies have issued so far in 2026, there is a recruiting coordinator, a program manager, and a QA engineer who all got the same calendar invite on the same Monday morning. Their roles were “eliminated as part of an organizational realignment.” Down the hall, or…
In April 2026, more American workers lost their jobs because of artificial intelligence than for any other reason employers gave, and it was not close. Outplacement firm Challenger, Gray & Christmas counted 21,490 positions eliminated with AI cited as the employer-stated primary cause, a sharp jump from approximately 13,000 in February and 12,000 in March….
Somewhere in Meta’s first-quarter 2026 earnings exhibit, filed with the SEC in late April, two numbers sit within pages of each other. The first: Meta expects to spend between $125 billion and $145 billion on capital expenditures this year, nearly all of it flowing toward data centers and AI compute hardware. The second, visible not…
132,000 tech workers have lost their jobs in 2026 – and the companies cutting them are spending $725 billion on AI this year In January, a Microsoft program manager in the Seattle area learned her role had been eliminated in what the company called a performance-based restructuring. By March, she had company. Thousands more cuts…