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The Economic Times

Top News / The Economic Times

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Firms on AI spending spree: US tech companies cut most jobs in nearly 2 years

The tech sector said last month it planned to eliminate 38,242 positions, the most since August 2024, according to data from outplacement firm Challenger, Gray & Christmas. So far this year, the industry has announced 123,653 cuts, up more than 65% from the same period in 2025.

5 Jun 2026 12:15 am