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Finance and Tech Lose 28,000 Jobs a Month as AI Drives Cuts

2026-07-01 13:56:15

Financial activities and information sector payrolls fell by 28,000 jobs a month on average in 2026 as companies accelerated AI adoption. Challenger, Gray, and Christmas tracked 45,849 U.S. job cuts in June. AI has driven 101,743 layoffs so far this year, about 23% of all cuts the firm tracked.

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