US Tech Layoffs Outpace 2025 as Spending Shifts to AI

Crunchbase data shows US tech layoffs reached at least 94,046 from January to August 2026, up 16.8% year over year, with May's 31,513 cuts the highest since March 2023. Many cuts came as companies redirected spending to AI and restructured; AI was cited in 33% of layoff events, up from 1% in 2024.

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