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2025-07-31 20:05:07
[US layoffs surge in July, impacted by AI and tariffs] Data from the human resources firm Challenger, Gray & Christmas shows a surge in layoffs announced by US companies in July, significantly higher than the average for the same period since the pandemic, with the tech sector being the most affected. A report released Thursday showed that US companies announced 62,075 layoffs in July, compared to nearly 25,900 in the same period last year. This is the second-highest number of layoffs announced in July in the past decade, second only to the height of the COVID-19 pandemic in 2020. The report noted that the main reasons for companies' planned layoffs include artificial intelligence and tariffs, with uncertainty about the economic outlook leading to layoffs and store closures in the retail sector. Major tech companies have announced layoff plans in recent weeks. Intel announced plans to cut its workforce by 15%, and Microsoft launched its second wave of large-scale layoffs this year, expected to affect 9,000 employees. The tech industry is increasing spending on AI and trying to cut costs in other areas.
