{"id":111969,"date":"2025-08-02T03:41:12","date_gmt":"2025-08-02T03:41:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/111969\/"},"modified":"2025-08-02T03:41:12","modified_gmt":"2025-08-02T03:41:12","slug":"ai-is-leading-to-thousands-of-job-losses-report-finds","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/111969\/","title":{"rendered":"AI is leading to thousands of job losses, report finds"},"content":{"rendered":"

The U.S. job market, already showing the strain from global trade tensions<\/a>, is showing early signs of another critical issue facing workers today: artificial intelligence. \u00a0<\/p>\n

In July alone, rising adoption of generative AI technology by private employers accounted for more than 10,000 job cuts, according to a report released this week by Challenger, Gray & Christmas. The outplacement firm lists AI as one of the top five factors contributing to job losses in 2025.<\/p>\n

Layoffs have jumped this year, adding to fresh concerns about a pullback in hiring after new labor data on Friday showed that employers added only 73,000 jobs in July<\/a> \u2014 well short of analyst forecasts. Through July, companies have announced more than 806,000 private-sector job cuts, the highest number for that period since 2020, according to Challenger, Gray & Christmas.<\/p>\n

Of those layoffs, the technology industry wielded the sharpest axe \u2014 private companies in the sector have announced more than 89,000 job cuts, up 36% from a year ago. Since 2023, more than 27,000 job cuts have been directly tied to the advent of AI, according to the firm.\u00a0<\/p>\n

“The industry is being reshaped by the advancement of artificial intelligence and ongoing uncertainty surrounding work visas, which have contributed to workforce reductions,” Challenger, Gray & Christmas said.\u00a0<\/p>\n

The impact of AI on hiring is perhaps most visible among younger workers. Job listings for the kind of entry-level corporate roles traditionally available to recent college graduates have declined 15%<\/a>\u00a0over the past year, according to Handshake, a career platform geared toward Gen Z employees. Over the past two years, there has been a 400% increase in employers using “AI” in job descriptions, the firm found.\u00a0<\/p>\n

While AI is already starting to reshape how Americans work, for now other factors are having a more immediate impact on the labor market. More than 292,000 positions have been eliminated this year due to cuts linked to the Department of Government Efficiency<\/a>\u00a0(DOGE), an initiative to reduce federal spending spearheaded by billionaire Elon Musk, Challenger, Gray & Christmas found.\u00a0<\/p>\n

“We are seeing the federal budget cuts implemented by DOGE impact non-profits and health care in addition to the government,” Andrew Challenger, senior vice president of Challenger, Gray & Christmas, said in a statement.\u00a0<\/p>\n

Layoffs are also accelerating in the vast retail sector as tariffs raise the cost of doing business, according to Challenger, Gray & Christmas. Retailers have announced more than 80,000 cuts through July, up nearly 250% compared to the same period last year, the firm found.\u00a0<\/p>\n

“Retailers are being impacted by tariffs, inflation and ongoing economic uncertainty causing layoffs and store closures. Further declines in consumer spending could trigger additional losses,” the group said.\u00a0<\/p>\n

AI: Artificial Intelligence
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\n More<\/p>\n

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Megan Cerullo<\/a><\/p>\n

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24\/7 to discuss her reporting.<\/p>\n","protected":false},"excerpt":{"rendered":"The U.S. job market, already showing the strain from global trade tensions, is showing early signs of another…\n","protected":false},"author":3,"featured_media":111970,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[738,64,17420,79,263,420,158,67,132,68],"class_list":{"0":"post-111969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-artificial-intelligence","9":"tag-business","10":"tag-department-of-government-efficiency","11":"tag-economy","12":"tag-employment","13":"tag-jobs","14":"tag-technology","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114957103073009530","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/111969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=111969"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/111969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/111970"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=111969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=111969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=111969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}