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The U.S. Senate voted to debate a $70 billion bill aimed at funding President Trump’s crackdown on immigration, with a final vote expected later this week.

2026-06-04

The U.S. Senate voted to debate a $70 billion bill aimed at funding President Trump’s crackdown on immigration, with a final vote expected later this week.

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2026-06-04

Outplacement firm Challenger said U.S. tech firms announced 38,242 layoffs in May, the sector’s largest monthly total since Aug 2024. Tech has posted 123,653 layoffs year-to-date in 2026, up 66% from 74,716 in the same period of 2025, and remains the

Outplacement firm Challenger said U.S. tech firms announced 38,242 layoffs in May, the sector’s largest monthly total since Aug 2024. Tech has posted 123,653 layoffs year-to-date in 2026, up 66% from 74,716 in the same period of 2025, and remains the biggest source of cuts so far this year. Challenger said technology is reshaping the labor market in real time and that artificial intelligence is now the most-cited reason for company layoffs, with tech the most affected sector. It added AI has not produced mass job destruction to date and should raise productivity over time, but companies are already citing AI in more layoffs than any other reason; the key uncertainty is the speed of change.
2026-06-04

Challenger, a U.S. jobs data company, reports that employers have announced 397,755 job cuts so far this year, a 43% decrease from the 696,309 announced in the first five months of 2025—when federal government layoffs pushed the total to a record hig

Challenger, a U.S. jobs data company, reports that employers have announced 397,755 job cuts so far this year, a 43% decrease from the 696,309 announced in the first five months of 2025—when federal government layoffs pushed the total to a record high. Excluding this disruptive factor, the number of layoffs in 2026 is roughly the same as in 2024.
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