[BUSINESS]■ STORY TIMELINE

TECH LAYOFFS HIT 9-MONTH HIGH IN MAY

US tech companies announced 38,242 job cuts in May, the largest monthly total since August 2024. Year-to-date layoffs have reached 123,653, a 65% increase compared to the same period in 2025.

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Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 2024, taking 2026's total so far to 123,653 cuts, up 65% YoY (Julia Fanzeres/Bloomberg)

Julia Fanzeres / Bloomberg: Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 20…

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