AI emerges as top reason for job cuts, accounting for 26% of April's layoffs
Artificial intelligence drove 21,490 job cuts in April, representing 26% of all layoffs as companies shift spending from labor to AI investments. US-based employers announced 83,387 total job cuts, up 38% from March, with the technology sector leading at 33,361 cuts. Worker anxiety grows as hiring plans drop 69% and only 28% of workers feel their jobs are secure.