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AI remains top reason for US job cuts for third straight month as employers axed 97,000 workers in May
(www.foxbusiness.com)
this post was submitted on 11 Jun 2026
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Even more simply, demand is drying up as people are getting squeezed from small wage gains and huge inflation. Low demand for goods and incessant demand for "stakeholder value" means cuts have to come. If they're not in quality, it's in overhead (staff) - or both. And now bosses have excuses for both back-office and production staff - "automation" and "AI" respectively.
Since this time period I've noticed a severe drop in quality from software companies, to the point I have stopped using most products - which in a result drops the companies profits more ๐
"I'm doing my part".gif