The AI layoff wave is becoming a powder keg
June 16, 2026
The trend appears to be accelerating. Tech layoffs hit their highest single month in two years last month, with nearly 40,000 cuts, and AI was the most-cited reason for layoffs across every industry for the third month running, according to outplacement firm Challenger, Gray & Christmas.
There’s growing skepticism that AI is really the culprit, though – that it’s more of a convenient cover…