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The Nexus
BUSINESSJun 5 · 14:00 UTCQUARTZColleen Cabili

U.S. tech companies announced the most job cuts in nearly 2 years as AI spending surged

U.S. tech companies announced the most job cuts in nearly two years as AI spending surged. AI was cited as the top reason for layoffs for the third consecutive month, accounting for 40% of May cuts.

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