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AI drives 40% of US job cuts in May as employers slash 97,000 positions

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Federal Reserve links tariffs to slower US employment growth rates

U.S. employers ramped up layoffs in May as the artificial intelligence (AI) rollout was the leading factor cited by companies cutting their workforces, new data shows.

Companies announced 97,006 job cuts in May – an increase of 16% from the 83,387 cuts in April and an increase of 3% from the 93,816 cuts announced last May, according to a recent report by global outplacement and executive coaching firm Challenger, Gray & Christmas.

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AI was the leading reason cited for job cuts for the third consecutive month, with 38,579 cuts attributed to AI. It’s the highest monthly total for the reason since Challenger began tracking it in 2023 and accounted for 40% of all the job cuts announced in May.

“The labor market is being reshaped by technology in real time. AI is now the leading reason companies give for cutting jobs and the primary industry citing it is technology,” said Andy Challenger, labor and workplace expert and chief revenue officer of Challenger, Gray & Christmas.

US ECONOMY ADDED 172,000 JOBS IN MAY, BEATING EXPECTATIONS

Job fair

Layoffs jumped in May compared with April and are up modestly from last year, the report found. (Allison Joyce/Bloomberg via Getty Images)

The tech sector announced 38,242 job cuts in May – the highest for the sector since August 2024. In 2026 so far, tech firms have announced 123,653 cuts, which is an increase of 66% from the same period in 2025, and it leads other sectors in job cuts this year by a wide margin.

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“AI isn’t yet the jobpocalypse some predicted. Like spreadsheets and email before it, the technology will ultimately make workers more productive, but our data shows companies are already acting on it, citing AI for more cuts than any other reason,” Challenger explained.

“The open question isn’t whether AI changes the workforce, but how fast,” he added.

WORKERS FACE GROWING ‘AUTOMATION ANXIETY’ AS TECH LAYOFFS SURGE, AI ADOPTION ACCELERATES

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Companies are reevaluating their workforces amid the surge of investment in AI and its implementation in corporate workflows. (Pete Kiehart/Bloomberg via Getty Images)

The transportation sector announced the second-most job cuts in May with 6,909 cuts, bringing the 2026 total to 40,388 and an increase of 449% from the same period a year ago.

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Services firms cut 6,268 jobs in May to bring the sector’s 2026 total to 17,065 – a decrease of 61% from the same period last year.

Healthcare and products manufacturers have also announced 30,414 job cuts so far this year, which represents a 17% increase from the same period a year ago.

INFLATION IS SQUEEZING AMERICAN CONSUMERS AND THE FED’S LATEST REPORT SHOWS IT’S GETTING WORSE

Hands hold an AI protest sign

AI has been the leading reason cited for layoffs for three straight months, the report found. (iStock)

Bankruptcy-related layoffs were the second-leading reason cited for job cuts, accounting for 5,637 in May. That’s the most bankruptcy-linked layoffs since February 2025 when 35,172 were announced.

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Market and economic conditions have been cited for 69,645 cuts in 2026 so far, while closings accounted for 66,733 and mergers and acquisitions were attributed to another 11,989 in that period. The number of job cuts linked to mergers and acquisitions is up more than six-fold from the 1,889 attributed to that reason in the same period last year.

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“On top of the headline AI story, we’re seeing a sharp rise in cuts tied to mergers and acquisitions and a jump in bankruptcy-related losses, which tells me companies are restructuring aggressively as they reposition for an AI-driven economy,” Challenger said.

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Favorites Contenders and Group Analysis Ahead of Kickoff

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Lionel Messi is understood to have received payment in fan tokens on signing for PSG

With the 2026 FIFA World Cup set to begin on June 11 across North America, the expanded 48-team tournament offers a fresh landscape for soccer’s biggest stage. From powerhouse favorites like France, Spain and Argentina to emerging contenders and debutants, the field presents a mix of established giants, regional powerhouses and ambitious underdogs. Analysts have released detailed power rankings based on current FIFA standings, recent form, squad depth, coaching and group difficulty.

The tournament format features 12 groups of four, with the top two from each advancing automatically along with the eight best third-place teams to a 32-team knockout stage. This structure increases opportunities for surprises while maintaining high stakes. Host nations Mexico, Canada and the United States benefit from home support and favorable seeding.

Top Contenders (Ranked 1-6)

France enters as one of the strongest sides, boasting exceptional depth across the pitch despite occasional tactical questions. Kylian Mbappé remains the focal point, supported by a talented core capable of dominating matches. Recent performances have reinforced their status as prime contenders.

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Spain, fresh off strong showings, relies on technical mastery and youthful energy led by players like Pedri and Lamine Yamal. Their possession-oriented style and squad balance make them a nightmare for opponents, positioning them among the top favorites.

Argentina, the defending champions, feature Lionel Messi in what could be his final World Cup. Despite the challenge of repeating as winners — a feat not achieved since Brazil in the 1960s — the Albiceleste maintain elite status with a balanced squad and championship pedigree.

England brings talent and ambition, with Jude Bellingham and Harry Kane anchoring a side that has consistently reached later stages but seeks its first title since 1966. Questions linger around finishing and consistency, yet their potential remains high.

Brazil and Portugal round out the elite tier. Brazil’s attacking flair and Portugal’s experience, including Cristiano Ronaldo’s leadership, ensure they remain dangerous throughout. Both nations possess the quality to reach the semifinals or beyond.

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Mid-Tier Powerhouses and Dark Horses (Ranked 7-20)

Germany, the Netherlands, Belgium and Croatia bring European pedigree and tactical sophistication. Germany aims to rebound from recent inconsistencies, while the Dutch emphasize fluid attacking play. Belgium’s golden generation edges toward conclusion, adding urgency, and Croatia continues to punch above its weight.

Morocco, fresh off a strong 2022 showing, represents Africa’s best hopes alongside Senegal, Egypt and others. Asian representatives Japan, South Korea and Iran offer discipline and counter-attacking threats. South American sides like Uruguay, Colombia and Ecuador provide physicality and technical skill.

Group-by-Group Breakdown

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Group A: Mexico, South Africa, South Korea, Czechia Mexico, as hosts, are clear favorites to top the group. Their experience and home advantage should see them advance comfortably. South Korea and Czechia vie for second, with South Africa as the likely underdog. Mexico’s path looks favorable for a deep run.

Group B: Canada, Bosnia and Herzegovina, Qatar, Switzerland Canada benefits from hosting but faces a competitive pool. Switzerland’s consistency makes them a strong contender for top spots. Bosnia and Qatar add unpredictability. Expect tight battles for advancement.

Group C: Brazil, Morocco, Haiti, Scotland Brazil should dominate, but Morocco’s organization poses a challenge. Scotland and Haiti will fight for points. Brazil is expected to top the group easily, with Morocco likely advancing.

Group D: United States, Paraguay, Australia, Türkiye The U.S. hosts look to capitalize on home support. Türkiye and Australia bring experience, while Paraguay adds South American grit. The group is competitive, with the U.S. favored to progress alongside one or two others.

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Group E: Germany, Curaçao, Ivory Coast, Ecuador Germany is the standout, expected to cruise through. Ivory Coast and Ecuador offer quality, making second place contested. Curaçao faces an uphill battle.

Group F: Netherlands, Japan, Sweden, Tunisia The Netherlands lead a balanced group. Japan’s discipline and Sweden’s organization create intrigue. Tunisia will seek upsets. Multiple teams have realistic knockout hopes.

Group G: Belgium, Egypt, Iran, New Zealand Belgium should advance as group winners. Egypt and Iran compete for the second spot, with New Zealand as the outsider. Expect European experience to prevail.

Group H: Spain, Cape Verde, Saudi Arabia, Uruguay Spain is heavily favored. Uruguay’s pedigree makes them a strong second-place candidate. Cape Verde and Saudi Arabia will aim for surprises.

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Group I: France, Senegal, Iraq, Norway France dominates expectations. Senegal provides African strength, with Norway and Iraq adding depth. France is a top contender for the title from this pool.

Group J: Argentina, Algeria, Austria, Jordan Argentina leads comfortably. Algeria and Austria compete fiercely for advancement, with Jordan as the underdog. Messi’s side remains a championship favorite.

Group K: Portugal, DR Congo, Uzbekistan, Colombia Portugal’s star power stands out. Colombia brings South American flair, while DR Congo and Uzbekistan seek breakthroughs. Portugal is expected to top the group.

Group L: England, Croatia, Ghana, Panama England and Croatia are the primary contenders. Ghana and Panama offer athleticism and resilience. This group could produce strong knockout representatives.

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Overall Outlook and Key Storylines

The expanded format gives more nations a platform, increasing the potential for Cinderella stories while keeping traditional powers in contention. Host nations carry national pride and logistical advantages, though travel across venues remains a factor.

Injuries, form and coaching decisions in the final preparations will shape outcomes. Veterans like Messi and Ronaldo may write final chapters, while young talents emerge on the global stage. Tactical innovations, set-piece execution and physical conditioning will prove decisive in the knockout rounds.

Economic and cultural impacts across North America are projected to be massive, with billions in revenue and lasting infrastructure benefits. Fan festivals and broad broadcasting ensure widespread engagement.

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Analysts largely agree that a European or South American side is most likely to lift the trophy, with France, Spain and Argentina leading betting markets. However, the 48-team field introduces greater variance and excitement.

As teams finalize rosters and tactics, anticipation builds for what promises to be a historic tournament. From Mexico City’s opening match to the MetLife Stadium final on July 19, the 2026 World Cup celebrates soccer’s global reach and competitive depth.

Emerging nations will test themselves against the elite, potentially rewriting narratives. For established powers, the challenge is navigating a longer path to glory. The blend of experience, youth and home advantage sets the stage for unforgettable moments.

Detailed power rankings from sources like ESPN, FOX Sports and GOAL highlight the nuanced assessments. While favorites hold the edge, football’s unpredictability ensures no outcome is guaranteed. The tournament’s scale amplifies both opportunities and pressures.

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Fans and neutrals alike can look forward to a summer filled with passion, skill and drama. With just days until the first whistle, the soccer world unites in excitement for the expanded spectacle that is World Cup 2026.

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Widow 'distressed' by firm's nine-month delay to husband's pension

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BBC Scotland has heard testimony from people affected by delays in pensions managed by outsourcing firm Capita.

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Final piece of 'iconic' Denby Pottery signed

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Final piece of 'iconic' Denby Pottery signed

The firm, founded in 1809, appointed administrators due to rising energy and labour costs.

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Needham reiterates Hold on Apple stock after WWDC keynote

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Selena Gomez Shares Sweet Long-Distance Moments with Husband Benny Blanco While Filming in London

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Selena Gomez

LOS ANGELES — Selena Gomez and Benny Blanco are navigating a period of separation as the actress films the latest season of her hit Hulu series “Only Murders in the Building” in London, but the newlyweds continue to express affection publicly through social media posts highlighting their bond and her prominent engagement ring.

Gomez recently posted photos from a Rare Beauty photoshoot, showcasing elegant looks that prompted an immediate response from her husband. Blanco shared the images on his Instagram Stories, overlaying the caption “i married a real life princess.” The tribute underscored the couple’s playful and loving dynamic since their marriage last year.

The night before, Gomez had shared her own glimpse into their connection, posting a photo of her hand resting on Blanco’s knee with the caption “missing this so much” accompanied by a wide-eyed emoji. The image prominently featured her marquise-cut diamond engagement ring, a symbol of their commitment that has drawn significant attention since its debut.

The couple’s public displays come as Gomez focuses on production duties in the United Kingdom for the popular mystery-comedy series, which has garnered critical acclaim and strong viewership. Blanco, a successful music producer, remains based primarily in Los Angeles, where his professional commitments keep him grounded.

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Blanco has been open about his severe discomfort with air travel, which limits his ability to join Gomez during international filming. In an interview with ELLE, he described his aversion while on a road trip. “Oh my God, I hate it. Terrifying. I’m in Dallas right now. I’m driving to New York from Los Angeles.”

He has previously detailed his alternative travel methods. “I take the boat to Europe. Oh my God, it’s so long. It’s like first you have to drive to New York and then you get on a boat for eight days, and you’re on the Titanic,” Blanco explained during an appearance on the “On Purpose with Jay Shetty” podcast.

Despite the physical distance, the pair maintains a strong connection through frequent communication and mutual support. Gomez, who has built a multifaceted career spanning music, acting, producing and entrepreneurship with Rare Beauty, has spoken warmly about their relationship in past interviews, emphasizing compatibility and shared values.

Blanco’s tribute as a “real life princess” resonates with fans who have followed Gomez’s journey from Disney Channel star to global icon. The couple’s romance, which became public in late 2023, quickly evolved into a committed partnership marked by collaboration on music projects and public appearances. Their wedding in September 2025 was a private affair that drew widespread well-wishes from the entertainment industry.

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Gomez’s time in London also aligns with her ongoing professional momentum. “Only Murders in the Building,” co-starring Steve Martin and Martin Short, continues to be a flagship title for Hulu, blending humor, mystery and celebrity guest stars. Her role as Mabel Mora has earned praise for its depth and charm, contributing to the show’s enduring popularity.

Fans have noted the couple’s ability to balance high-profile careers with personal life. Blanco’s work as a producer has included collaborations with major artists, while Gomez’s Rare Beauty brand continues to expand. Their separation highlights the challenges many celebrity couples face with demanding schedules across continents.

Social media reactions to their recent posts have been overwhelmingly positive, with followers praising the authenticity and romance. Gomez’s post as “Mrs. Blanco” earlier reflected her embrace of married life, while Blanco’s responses consistently show admiration and support.

The couple first sparked dating rumors in December 2023, with their relationship confirmed shortly thereafter. What began as a friendship blossomed into romance, with insiders noting their easy chemistry and shared sense of humor. Blanco has credited Gomez with bringing positivity and stability to his life.

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Gomez, who has been candid about her health challenges including a kidney transplant and bipolar disorder diagnosis, has found a supportive partner in Blanco. Their relationship has been portrayed as grounded and mutually encouraging, contrasting with the intense scrutiny often faced by high-profile pairings.

As filming continues in London, Gomez is expected to remain focused on her role while staying connected with Blanco through calls, messages and occasional visits when feasible. His preference for ground and sea travel means any transatlantic trips require significant planning, but sources close to the couple indicate they prioritize quality time when schedules align.

Industry observers view their handling of long-distance periods as a testament to maturity. Both have successful careers that demand flexibility, yet they appear committed to nurturing their marriage. Blanco’s road trips and boat journeys have become lighthearted topics in interviews, humanizing the music mogul.

Gomez’s Rare Beauty line, known for its inclusive makeup and skincare, continues to thrive, with new launches keeping her engaged in business alongside acting. The brand’s success has allowed her greater creative control and philanthropy opportunities, aligning with her personal values.

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For fans, the couple’s social media exchanges offer glimpses into a relatable celebrity romance. The visible engagement ring in recent posts serves as a constant reminder of their union, sparking discussions about wedding details and future plans. While private about many aspects, their public affection resonates widely.

As summer progresses, Gomez will likely divide time between London commitments and opportunities in the U.S., while Blanco balances studio work and personal projects. Their story reflects broader themes in modern relationships — balancing ambition, distance and devotion.

The entertainment world watches with interest as the pair continues building their life together. From red carpet appearances to quiet moments shared online, Selena Gomez and Benny Blanco exemplify a partnership rooted in respect, humor and resilience amid the demands of fame.

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A Golden Buying Opportunity On The Drop

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What’s Driving The Gold Price? ... And Other Important Questions

A Golden Buying Opportunity On The Drop

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Outreach up amid profit-to-purpose pivot

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Outreach up amid profit-to-purpose pivot

Holyoake chief executive Ben Smith is taking the not-for-profit organisation to new heights.

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Govt gets show cause notices on prisons

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Govt gets show cause notices on prisons

Serious risk to the security, control, safety and welfare at three West Australian prisons has prompted the state’s inspector of custodial services to issue show cause notices.

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Impact appoints McKerlie as chair

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Impact appoints McKerlie as chair

West Perth-based junior Impact Minerals has appointed Jim McKerlie as its non-executive chair, effective immediately.

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Celtics Not Shopping Jaylen Brown Despite Playoff Exit and Salary Concerns, Insider Says

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Jaylen Brown #7 of the Boston Celtics

BOSTON — Despite a disappointing first-round playoff exit and mounting questions about roster construction under the NBA’s new collective bargaining agreement, the Boston Celtics are not actively shopping star forward Jaylen Brown or guard Derrick White this offseason, according to ESPN NBA insider Brian Windhorst.

Brown, coming off a season in which he expressed that it was his favorite year with the franchise despite the early postseason departure, has faced scrutiny and speculation about his future in Boston. However, Windhorst pushed back on trade rumors during a recent appearance on CLNS Media’s Boston Sports Network.

“I’m going to tell you I have not actually heard any material, true discussions. I’m certain maybe someone has called on Jaylen Brown maybe, but I have not heard one iota of Jaylen Brown truly being available or Derrick White being available,” Windhorst said.

The comments come as the Celtics navigate significant financial commitments. With Jayson Tatum recovering from an Achilles injury that sidelined him for much of the season, Boston had already shed big salaries last summer in anticipation of a step back. Heading into this offseason, the team remains committed to paying more than $145 million combined on Brown, Tatum and White.

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Brown, 29, signed a five-year, $304 million supermax extension in 2023 that runs through the 2028-29 season. His future with the team has drawn attention, particularly as the Celtics evaluate long-term flexibility under the apron rules that impose steeper luxury tax penalties.

White, who turns 32 in July, saw a statistical dip this past season. His Win Shares per 48 minutes fell to .129 from .161 in his first three full seasons with Boston, and his effective field goal percentage dropped to 48.9% after hovering around 57% previously. Despite the regression, his defensive versatility and playoff experience remain valuable assets for a contending roster.

The Celtics’ early playoff exit — their first since 2019 — has fueled broader discussions about roster tweaks. Tatum’s absence created challenges, with the team relying heavily on Brown and others to carry the load. Brown’s public comments about the season being his favorite sparked debate among fans and analysts regarding his mindset and fit alongside Tatum.

Windhorst’s reporting cools immediate blockbuster speculation, including hypothetical links to stars like Giannis Antetokounmpo of the Milwaukee Bucks. While some league observers have floated such scenarios due to Milwaukee’s own struggles, the insider emphasized there is no indication Boston is pursuing major shakeups involving its core.

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Boston’s front office, led by President of Basketball Operations Brad Stevens, has a history of patient roster building. After winning the 2024 championship, the team has prioritized continuity while managing cap constraints. The addition of younger talent and strategic depth moves could still occur without parting with Brown or White.

Brown has been a cornerstone in Boston since being drafted third overall in 2016. A two-time All-Star and 2024 Finals MVP, he has evolved into a dynamic scorer and defender. His playoff performances, including strong showings in previous deep runs, underscore his value even amid the recent setback.

Financial pressures loom large across the league. Teams above the second apron face restrictions on using mid-level exceptions and signing free agents, pushing organizations like the Celtics to evaluate high-salary combinations. Tatum and Brown’s deals represent significant long-term investments that could limit agility if the roster underperforms.

Despite rumors, multiple reports indicate the Celtics view Brown as integral to their future. His leadership and two-way play complement Tatum’s scoring prowess, forming one of the league’s most formidable duos when healthy. Any decision to move him would require a transformative return that few teams could offer.

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White, acquired in a 2022 trade from the San Antonio Spurs, has become a fan favorite for his hustle and basketball IQ. His contract extension through 2028-29 with a player option adds stability to the backcourt alongside Jrue Holiday or potential newcomers.

The broader NBA landscape features several stars potentially available, including Antetokounmpo amid Milwaukee’s rebuild considerations. However, Windhorst and other insiders have downplayed realistic pathways for Boston to acquire such talent without major upheaval.

For the Celtics, the offseason priorities likely include supporting Tatum’s recovery, adding perimeter shooting or frontcourt depth, and maintaining competitiveness in a loaded Eastern Conference. Free agency and the draft offer avenues for incremental improvements without disrupting the core.

Brown’s agent and the player have not publicly indicated dissatisfaction with Boston. His commitment to the organization remains strong, though the business of basketball often forces difficult choices as contracts mature.

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League executives acknowledge interest from teams like the Atlanta Hawks, Houston Rockets and others in Brown if Boston ever made him available, but current signals point to continuity. The Celtics’ asking price would likely be prohibitive, requiring multiple high-level assets and future picks.

As the June draft and free agency approach, Boston’s strategy will come into sharper focus. Fans hope for stability around Tatum and Brown, who have delivered memorable moments including the 2024 title. Rebuilding chemistry after injuries will be key for a bounce-back campaign.

Windhorst’s insights provide reassurance to the Celtics faithful that major changes involving franchise pillars are not imminent. While the salary cap realities demand vigilance, the organization appears committed to maximizing the current window with its star duo intact.

The coming weeks will test that resolve as offers arrive and internal evaluations intensify. For now, the message from reliable sources is clear: Jaylen Brown and Derrick White are staying put as the Celtics aim to return to contention.

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