{"id":41313,"date":"2025-08-01T18:03:13","date_gmt":"2025-08-01T18:03:13","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/ai-is-leading-to-thousands-of-job-losses-report-finds\/"},"modified":"2025-08-01T18:03:13","modified_gmt":"2025-08-01T18:03:13","slug":"ai-is-leading-to-thousands-of-job-losses-report-finds","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/ai-is-leading-to-thousands-of-job-losses-report-finds\/","title":{"rendered":"AI is leading to thousands of job losses, report finds"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>The U.S. job market, already showing the strain from <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/jobs-report-today-july-2025-economy-tariffs-trump-doge\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">global trade tensions<\/a><\/span>, is showing early signs of another critical issue facing workers today: artificial intelligence. \u00a0<\/p>\n<p>In July alone, rising adoption of generative AI technology by private employers accounted for more than 10,000 job cuts, according to a report released this week by Challenger, Gray &amp; Christmas. The outplacement firm lists AI as one of the top five factors contributing to job losses in 2025.<\/p>\n<p>Layoffs have jumped this year, adding to fresh concerns about a pullback in hiring after new llabor data on Friday showed that employers added <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/jobs-report-today-july-2025-economy-tariffs-trump-doge\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">only 73,000 jobs in July<\/a><\/span> \u2014 well short of analyst forecasts. Through July, companies have announced more than 806,000 private-sector job cuts, the highest number for that period since 2020, Challenger, Gray &amp; Christmas said.<\/p>\n<p>Of those layoffs, the technology industry wielded the sharpest axe \u2014 private companies in the sector have announced more than 89,000 job cut, up 36% from a year ago. Since 2023, more than 27,000 job cuts have been directly tied to the advent of AI, according to the firm.\u00a0<\/p>\n<p>&#8220;The industry is being reshaped by the advancement of artificial intelligence and ongoing uncertainty surrounding work visas, which have contributed to workforce reductions,&#8221; Challenger, Gray &amp; Christmas said.\u00a0<\/p>\n<p>The impact of AI on hiring is perhaps most visible among younger workers. Job listings for the kind of entry-level corporate roles traditionally available to recent college graduates <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/ai-jobs-unemployment-college-graduate\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">have declined 15%<\/a><\/span>\u00a0over the past year, according to Handshake, a career platform geared toward Gen Z employees. Over the past two years, there has been a 400% increase in employers using &#8220;AI&#8221; in job descriptions, the firm found.\u00a0<\/p>\n<p>While AI is already starting to reshape how Americans work, for now other factors are having a more immediate impact on the labor market. More than 292,000 positions have been eliminated this year because of cuts linked with the <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/doge-cuts-cost-135-billion-analysis-elon-musk-department-of-government-efficiency\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Department of Government Efficienc<\/a><\/span>y (DOGE), an initiative to reduce federal spending spearheaded by billionaire Elon Musk, Challenger, Gray &amp; Christmas found.\u00a0<\/p>\n<p>&#8220;We are seeing the federal budget cuts implemented by DOGE impact non-profits and health care in addition to the government,&#8221; Andrew Challenger, senior vice president Challenger, Gray &amp; Christmas, said in a statement.\u00a0<\/p>\n<p>Layoffs are also accelerating in the vast retail sector as tariffs raise the cost of doing business, according to Challenger, Gray &amp; Christmas. Retailers have announced more than 80,00- cuts through July, up nearly 250% compared to the same period last year, the firm found.\u00a0<\/p>\n<p>&#8220;Retailers are being impacted by tariffs, inflation and ongoing economic uncertainty causing layoffs and store closures. Further declines in consumer spending could trigger additional losses,&#8221; the group said.\u00a0<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n        <\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/megan-cerullo\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Megan  Cerullo<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24\/7 to discuss her reporting.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/ai-jobs-layoffs-us-2025\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. job market, already showing the strain from global trade tensions, is showing early signs of another critical issue<\/p>\n","protected":false},"author":1,"featured_media":41314,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[213],"class_list":["post-41313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-artificial-intelligence"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI is leading to thousands of job losses, report finds - World News<\/title>\n<meta name=\"description\" content=\"The advent of AI in the workplace is one factor behind a spike in layoffs this year, new labor data shows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/ai-is-leading-to-thousands-of-job-losses-report-finds\/\" \/>\n<meta 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