US Cuts Over 10,000 Jobs In July Due To Artificial Intelligence, Report Reveals

Private enterprises in the United States cut over 10,000 jobs in July due to a significant acceleration in AI-related restructuring, according to a report released by outplacement firm Challenger, Gray and Christmas. The report shows that as of July, U.S. companies have announced over 806,000 private-sector job cuts this year, setting a new record for the same period since 2020. Among them, the technology industry has become the "hardest-hit area", with over 89,000 jobs cut, up 36 percent year on year. Enterprises generally attribute layoffs to tariff pressure and the development of AI. The report indicates that since 2023, over 27,000 jobs have been directly replaced due to the rise of AI, and that the emerging technology has become one of the five main causes of job loss this year.