US corporate layoff plans reached 97,600 in May, marking a 16% month-on-month increase and the highest May figure since the COVID-19 pandemic, driven by aggress
US companies announced plans for 97,600 layoffs in May, a 16% increase from April and the highest May total since the pandemic began. This surge is attributed to aggressive AI-related restructuring, mergers and acquisitions, and bankruptcies impacting the technology, transportation, and services industries. AI
IMPACT Layoffs indicate potential shifts in workforce needs and company strategies, possibly influenced by AI adoption and restructuring.