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US tech layoffs record single-highest month in two years, and more than any other sector — nearly 40,000 get the axe, AI the most cited reason for layoffs

  • Tom's Hardware faviconTom's Hardware

    Jun 4, 2026, 10:28 am187 ptsTrendingTop
    photo of US tech layoffs record single-highest month in two years, and more than any other sector — nearly 40,000 get the axe,… imageU.S. tech companies announced 38,242 job cuts in May, more than any other sector and the industry's heaviest month of reductions in nearly two years.
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