Since January, the US tech industry has announced its intention to cut 65% more jobs than a year earlier
In May, US tech companies announced the largest number of job cuts in almost two years amid increased investment in artificial intelligence. About writes Bloomberg.
“Real-time technology is changing the labor market. Artificial intelligence is now the main reason companies are citing for job cuts,” said Andy Challenger, chief revenue officer at Challenger, Gray & Christmas, a company specializing in the rehiring of laid-off employees.
Why it is important
Over the past year, Ukraine has seen 17% of IT employees were laid offwith the largest number of layoffs among Senior and Lead professionals. The main reasons for the layoffs were cost optimization, financial difficulties of companies, and the completion or suspension of projects. Almost half of those laid off did not expect to lose their jobs.
Why IT professionals are fired more often than others and whether to panic LIGA.net wrote in a separate material.
According to Challenger, Gray & Christmas, last month the tech sector announced plans to cut 38,242 jobs, the most since August 2024.
Since the beginning of the year, the industry has announced 123,653 layoffs, which is more than 65% more than in the same period in 2025.
These figures coincide with recent high-profile staff reduction plans in the artificial intelligence sector announced by companies such as Meta Platforms, Intuit, and Cisco Systems. However, the number of applications for unemployment benefits did not increase significantly, despite the many layoff announcements, which were mainly aimed at office workers.