July layoffs hit lowest level in two years despite AI fears: report
New York Post
US layoffs in July reached their lowest level in two years, falling 46% compared to the same month last year despite artificial intelligence being cited as the primary reason for cuts. While the technology sector continues to lead job reductions due to AI investments, overall hiring has surged with a 25% annual increase, indicating that the labor market is resilient and evolving rather than dismantling under economic pressures.
All articles from 7 August 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.