AI Remains Reason Cuts Third: May Job Cuts Hit 97K
May layoff activity surged to 97,006, with AI cited as the primary driver for a third straight month. Tech firms led ...
Job Cuts
Explore three recent job-cut stories and how they may affect your finances, from budgets and savings to loan costs and employment risk. Use these insights to plan wisely.
5 articles
Banks Groundwork Mass Workforce Under AI Takeover
Major U.S. banks are accelerating AI deployments, signaling potential job cuts even as they pledge retraining. Analys...
HSBC’s Just Said Bank: AI Push Drives 20,000 Job Cuts
HSBC is reportedly weighing a plan to cut about 20,000 jobs, roughly 10% of its global staff, in a bid to curb inflat...
Wine Giant Gallo Closing Napa Facility as Job Cuts Hit
E. & J. Gallo Winery plans to shut down a Bay Area production site, with about 100 employees affected across Napa and...
CoStar Group Cuts Jobs Amid AI Push and Homes.com Focus
CoStar Group confirmed layoffs as it accelerates its AI rollout and strengthens Homes.com. The move comes amid invest...