US Tech Layoffs Hit a Two-Year High in May. But There’s a Catch: ‘The Labor Market Is Being Reshaped’

US Tech Layoffs Hit a Two-Year High in May. But There’s a Catch: ‘The Labor Market Is Being Reshaped’

AI is the leading reason for job cuts, with 38,242 positions eliminated in May. But the full picture is more complicated than it looks.

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