US Adds 57K June Jobs as AI Hiring Slowdown Deepens
The Bureau of Labor Statistics reported 57,000 nonfarm payrolls added in June 2026, about half the consensus forecast, as tech and finance shed roles at 25,000-28,000 per month.
Articles Tagged "Layoffs"
Meta's $145B AI Bet Is Behind Schedule, Zuckerberg Admits
Zuckerberg told employees at a July 2 town hall that Meta's agentic AI trajectory hasn't accelerated as expected - but the data tells a more complicated story.
AI Job Cuts in 2026 Already Beat All of Last Year
Challenger, Gray & Christmas data shows 87,714 US jobs have cited AI as a cut reason through May 2026 - already past all of 2025's total - while companies post record profits.
ClickUp Cuts 290 Jobs and Deploys 3,000 AI Agents
ClickUp cut 22% of its workforce and replaced them with roughly 3,000 internal AI agents - a ratio of three agents per remaining employee.
Meta Mined Employee Keystrokes, Then Cut 8,000 Jobs
Leaked audio from a Meta all-hands reveals Zuckerberg used employee keystrokes and clipboard data to train AI models, days before laying off 8,000 staff.
Cisco Bets $9B on AI Networking, Cuts 4,000 Jobs
Cisco reported record quarterly revenue of $15.8B and immediately announced 4,000 layoffs, raising its FY2026 AI infrastructure order target from $5B to $9B.
Cloudflare Cuts 1,100 Jobs as AI Use Surges 600%
Cloudflare cut 1,100 workers - 20% of its staff - while posting record quarterly revenue of $639.8 million, saying AI has made those roles obsolete in just three months.
Meta Earns Record $56B, Cuts 8K Jobs to Fund $145B AI
Meta posted a record Q1 2026 revenue of $56.3 billion on April 29, then announced 8,000 layoffs and raised its AI infrastructure budget to $145 billion - sending the stock down 7% despite the record earnings.
Snap Fires 1,000 as AI Now Writes 65% of Its Code
Snap cut 16% of its workforce on April 15, citing AI-generated code as the direct cause. The stock jumped. The workers left. Here is what the company's own numbers actually say.
The AI Layoff Trap - Game Theory Says Everyone Loses
A UPenn-BU paper models AI-driven layoffs as a Prisoner's Dilemma: each firm wins by automating, but when everyone does it, collapsing demand makes every firm worse off. Their proposed fix is a Pigouvian tax on automated tasks.
Atlassian Cuts 1,600 Jobs to Self-Fund AI Pivot
Atlassian is laying off 10% of its workforce and splitting its CTO role in two to redirect cash toward AI development - but the company's own CEO pledged a hiring surge five months ago.
Meta Stock Surges as It Plans to Cut 16,000 Jobs for AI
Meta is reportedly planning to lay off 20% of its 79,000 workforce to offset $135 billion in AI spending - and the stock went up 3% on the news.
