As companies spend more on AI, many spend less on workers

As organizations race to adopt AI, some are investing in workforce development to complement the technology, while others are shifting resources to tech—and away from people. According to a recent study by outplacement and executive coaching firm Challenger, Gray & Christmas, AI is the leading cause of job cuts in 2026 and was cited in more than 120,000 dismissals in the first nine months of the year, representing about 21% of all layoffs. Those cuts have been concentrated largely i...