Layoffs in US: Tech Sector Reports Highest Monthly Job Cuts in Nearly 2 Years as AI Integration Accelerates

US tech sector layoffs reached 38,242 in May, the highest figure since August 2024. Artificial intelligence is now the primary driver of these cuts, accounting for 22% of total 2026 job losses. While firms like Meta, Cisco, and Cloudflare reduce staff to focus on AI initiatives, the sector continues to lead in overall planned hiring activities.