Odd Lots
Job Cuts From AI Are Just Beginning, the Latest Challenger Report Suggests
Nearly 4000 people lost their jobs in May due to AI, companies report.
Signage for artificial intelligence during the Taipei Computex expo in Taipei, Taiwan, on Tuesday, May 30, 2023.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
Behold! The latest Challenger jobs report.
Overall, planned layoffs reached about 417,500 jobs in May, more than four times the job cuts during the same period last year.