Jun 9, 2026
OpenAI Files for IPO a Week After Anthropic as AI Giants Race to Wall Street
OpenAI confidentially filed for an IPO just one week after rival Anthropic.
Jun 8, 2026
150,000 Jobs Cut as AI Fuels Record Solo Founder Boom in 2026
Tech layoffs hit 150,000 in 2026, the worst since early 2023, but the same AI tools eliminating jobs are enabling a new wave of one-person startups. Solo founders armed with AI agents are building and selling companies worth millions. Is this the future of work — or just corporate cost-cutting with better PR?
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Jun 11, 2026
Microsoft Xbox Plans Major Layoffs as New CEO Orders 'Reset'
Microsoft's Xbox division is planning significant job cuts next month under new CEO Asha Sharma, who warned the business needs a sweeping reset after spending $20 billion over five years while annual revenue fell by nearly half a billion.
Jun 9, 2026
AI Drives 40% of US Job Cuts in May as 97,000 Positions Eliminated
AI was cited as the primary reason for 40% of all US job cuts in May 2026, according to the Challenger Report, with 97,006 positions eliminated overall. A separate Mercer survey found 99% of CEOs expect AI-driven layoffs within two years, as the technology sector alone shed 38,242 jobs — the highest monthly total since August 2024.
Jun 7, 2026
Tech Layoffs Top 123K in 2026 as May Hits Worst Month in Two Years
US tech companies announced 38,242 job cuts in May 2026 — the industry's heaviest month of reductions in nearly two years. Year-to-date numbers have crossed 123,000, driven by AI adoption restructuring rather than post-pandemic correction. Meanwhile, companies like T-Mobile are opening offshore tech hubs while cutting domestic staff.