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  • AI Is Now the Top Reason Americans Are Losing Their Jobs and May Just Broke a Record
AI drives 40% of US job cuts in May as employers slash 97,000 positions
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AI Is Now the Top Reason Americans Are Losing Their Jobs and May Just Broke a Record
Founder News Team Jun 9, 2026 0

U.S. employers announced 97,006 job cuts in May, a 16% jump from April and 3% above May 2025 levels, according…

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Illustration: Xia Qing/GT
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Recent Posts
  • Europe’s $11.5 Billion AI Bet Cannot Escape American Cloud Dominance
  • $16B Okta slashes 180 jobs despite posting its first-ever profits
  • Power Scarcity Redirects Europe’s AI Data Centre Expansion to Underserved Regions
  • Volkswagen’s First XPeng-Based EV Runs Entirely on Chinese Tech
  • AI Demand Fuels China’s Exports to Record 23.9 Percent July Surge
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies. By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.
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Illustration: Xia Qing/GT
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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

Latest News
Illustration: Xia Qing/GT
Europe’s $11.5 Billion AI Bet Cannot Escape American Cloud Dominance
Aug 13, 2026
SF tech company worth $16B lays off staff after turning first profits
$16B Okta slashes 180 jobs despite posting its first-ever profits
Aug 13, 2026
JLL Report: How AI is Redrawing Europe’s Data Centre Map
Power Scarcity Redirects Europe’s AI Data Centre Expansion to Underserved Regions
Aug 13, 2026
VW ID. ERA 5X: a Chinese-engineered electric VW SUV
Volkswagen’s First XPeng-Based EV Runs Entirely on Chinese Tech
Aug 13, 2026
China extends trade boom as global AI tech demand surges
AI Demand Fuels China’s Exports to Record 23.9 Percent July Surge
Aug 13, 2026
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